Mike Morrison assesses the latest raft of proposed pension reforms
So, here we go – the last few weeks have seen pension announcements galore. We have had the new tax relief rules, the announcement of the change to state pension age, suggestions about how to resolve the issues of public sector pensions and then changes to NEST and auto-enrolment and, perhaps surprisingly, some interesting announcements about state pensions. Let’s take that last one as a starting point: the announcement to be followed up with a Green Paper, about the basic state pension. It appears that: • The basic state pension will be increased to a flat amount of £140 a week. •...
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