Reforms in April 2016 introduced the new State Pension. Most people reaching State Pension Age this year won’t be entitled to the full amount. How much will your State Pension be?
Following the announcement of a general election, the Government is expediting the Finance (No 2) Bill before Parliament is dissolved on 3 May 2017.
After much speculation, the Treasury has announced that it would not be looking to implement ‘significant changes’ to the UK’s pension taxation system.
Under current plans the State Pension Age is due to rise to age 68 by 2046. However, an independent report suggests that it should rise to age 68 by 2039 instead.
On 26 July Ofcom set out proposals for the establishment of Openreach as a separate company owned by BT plc
Any period of unpaid leave will not count as Pensionable Service unless, when you return to work, you agree to pay the contributions which would have been due from you for that period as if you had continued to be paid. If you are participating in Smart Pensions, the contributions will be equal to your notional contributions. You will need to apply to the Scheme administrator and have this agreed within three months of your return to work. Contact details for the administrator can be found in the Contacts section of this website.
If you are on paid maternity, paternity or adoption leave, you will continue to pay contributions on the Pensionable Salary you are receiving and that period will count as Pensionable Service.
Please select from section A, B or C
For members who joined the Scheme before 1 December 1971
For members who joined the Scheme before 1 December 1971 and 31 March 1986
For members who joined the Scheme on or from 1 April 1986 but before the Scheme closed on 31 March 2001