The State Pension
This section of the Blog is all about the State Pension.
The vast majority of pensioners rely upon the State pension to provide their income in retirement, and even those who have a private pension will wish to build the State pension provisions into their retirement planning. The Government has announced sweeping changes to both the State pension and to the State Pension Age (SPA), the age at which you are entitled to draw your State pension. These changes are being introduced over a prolonged period of time and have caused confusion amongst those coming up to their pension age. The changes are complex and the Government has openly admitted that the communication of the changes have been mishandled.
In this section of the Blog we will keep you up to date on the changes as they are introduced over the coming years and try to provide as clear an explanation as we can. As with the rest of the Blog, where we find that a newspaper or online source that has written a particularly insightful article on the subject we will highlight this and provide a link so you can read it on the original site.
There are two main pages to this section of the blog. Just click on the title of the page below or the drop down menu item at the top of the site to go to the page you wish to read.
Gov.uk – the Government’s own source of information on the new State Pension and the changes that are taking place. Comprehensive website and jumping off point for more detailed information, but requires lots of clicking to find the bite-size chunks of information you want.
thisismoney.co.uk article on the new State Pension Age – useful overview with tables showing the changes to women’s SPA.
The Pensions Advisory Service page on the new State Pension also has links tot lots of other useful Pensions information
The Money Advice Service (MAS) overview of the changes to the State pension. The Money Advice Service is the Government’s site for free and impartial money advice
Financial Times article on why women have been hit particularly hard by the move to a ‘flat rate’ State pension
Excellent Telegraph article on the confusion surrounding the ‘top-up’ rules if your pension statement shows you have NI gaps or were contracted out.