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The State Second Pension ( S2P ), or Additional State Pension, was introduced in the UK by the Labour Government on 6 April 2002, to replace the SERPS ( State Earnings-Related Pension Scheme ). The main aim of this change was to skew existing Additional Pension (AP) benefits in favour of low and moderate earners at the expense of higher earners ...
The basic State Pension (alongside the Graduated Retirement Benefit, the State Earnings-Related Pension Scheme, and the State Second Pension) is a benefit payable to men born before 6 April 1951, and to women born before 6 April 1953. The maximum amount payable is £169.50 a week (April 2024 - April 2025). [1]
Pensions in the United Kingdom, whereby United Kingdom tax payers have some of their wages deducted to save for retirement, can be categorised into three major divisions - state, occupational and personal pensions. The state pension is based on years worked, with a 35-year work history yielding a pension of £203.85 per week. [1]
The Government plans to have a further review to reconsider plans for the state pension age to rise to 68. State pension age: What has been announced and how will it affect people? Skip to main ...
The State Earnings Related Pension Scheme ( SERPS ), originally known as the State Earnings Related Pension Supplement, was a UK Government pension arrangement, to which employees and employers contributed between 6 April 1978 and 5 April 2002, when it was replaced by the State Second Pension. Employees who paid full Class 1 National insurance ...
Continuing to work after your state pension entitlement age could significantly boost your eventual pension pot.
The problem relates to an ageing computer system and has led to some people being underpaid or overpaid.
The seamen pension arrangement (called “Pensjonstrygden for sjømenn” in Norwegian) was established as a mandatory pension scheme by law on 3 December 1948, and its primary aim was to provide the pension for retired seamen, or their widows. Today it mainly covers retired seamen pensions between the ages 60 and 67.
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