The Single-tier State Pension

The Single-tier State Pension
Author :
Publisher : The Stationery Office
Total Pages : 168
Release :
ISBN-10 : 0215055551
ISBN-13 : 9780215055552
Rating : 4/5 (51 Downloads)

Book Synopsis The Single-tier State Pension by : Great Britain: Parliament: House of Commons: Work and Pensions Committee

Download or read book The Single-tier State Pension written by Great Britain: Parliament: House of Commons: Work and Pensions Committee and published by The Stationery Office. This book was released on 2013-04-04 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report welcomes the improvements in retirement income that the new Single-tier State Pension will bring. However, the key to the policy's successful implementation lies in the Government informing the public as soon as possible about how it will affect individuals. The Committee criticises the Government for hampering its scrutiny of the proposals. The Government not only imposed an extremely tight timetable, but brought forward the implementation date by a year, after the Committee had completed taking evidence. The Committee says that the Government must work with them to ensure the transition is as smooth as possible and that Defined Benefit pension schemes do not suffer as a result. The Government should also develop and publish a clear explanation of how means-tested support, including passported benefits, will operate under the Single-tier Pension, and the transitional protection that will be put in place. Many women born between 1952 and 1953 believed that they would suffer a double adverse effect on their State Pension income, arising from the increases in their State Pension Age combined with their ineligibility for the Single-tier Pension, if it was introduced in 2017 as set out in the White Paper. The Government should clarify the position. Some women did not build up their own NI record because they had an expectation that they would be able to rely on their husband's contributions to give them entitlement to a Basic State Pension. The Government should assess and publish the cost of allowing women in this position who are within 15 years of State Pension Age to retain this right


The Single-tier State Pension Related Books

The Single-tier State Pension
Language: en
Pages: 168
Authors: Great Britain: Parliament: House of Commons: Work and Pensions Committee
Categories: Social Science
Type: BOOK - Published: 2013-04-04 - Publisher: The Stationery Office

DOWNLOAD EBOOK

This report welcomes the improvements in retirement income that the new Single-tier State Pension will bring. However, the key to the policy's successful implem
The Single-tier Pension
Language: en
Pages: 110
Authors: Great Britain: Department for Work and Pensions
Categories: Business & Economics
Type: BOOK - Published: 2013-01-14 - Publisher: The Stationery Office

DOWNLOAD EBOOK

This paper outlines the Government's detailed proposition for state pension reform. It follows a consultation on the proposals set out in "A state pension of th
A state pension for the 21st century' consultation document
Language: en
Pages: 56
Authors: Great Britain: Department for Work and Pensions
Categories: Political Science
Type: BOOK - Published: 2011-07-27 - Publisher: The Stationery Office

DOWNLOAD EBOOK

The consultation documents published as Cm. 8053 (ISBN 9780101813129)
The Good Retirement Guide 2020
Language: en
Pages: 385
Authors: Jonquil Lowe
Categories: Business & Economics
Type: BOOK - Published: 2020-01-03 - Publisher: Kogan Page Publishers

DOWNLOAD EBOOK

Whether it is a relaxing, action-packed or financially rewarding retirement you are planning for, this is the book for you. Fully revised and updated, The Good
HM Treasury: Freedom and Choice in Pensions - Cm. 8835
Language: en
Pages: 56
Authors: Great Britain: H.M. Treasury
Categories: Political Science
Type: BOOK - Published: 2014-03-19 - Publisher: The Stationery Office

DOWNLOAD EBOOK

This consultation form a key part of a wider set of reforms announced at Budget 2014. The government is keen to ensure that individuals who want to save are sup