Site Archives Pensions

Uncovering the jargon


Getting to grips with the language of retirement
Additional State Pension
The earnings-related part of the State Pension built up in the State Second Pension and/or the State Earnings Related Pension Scheme (SERPS).
Additional Voluntary Contributions (AVCs)
Employee contributions payable to a salary related occupational scheme that are over and above the normal contributions required by the scheme rules. [...]

The Pensions Act 2007


Reform of the pension’s landscape
The Pensions Act 2007 put into law the reforms to the state pension system set out in the White Paper, Security in retirement: towards a new pension system that was published in May 2006. These reforms to the state pensions system covered the Basic State Pension and the State Second Pension.
The [...]

The State Pension


Your questions answered
Q: What is the State Pension?
A: The State Pension is paid to entitled people who claim it having reached State Pension age. It is based on National Insurance (NI) contributions and it is made up of different elements.
Q: What is the State Pension age?
A: The State Pension age is currently 65 for men [...]

Pension Credit


GUARANTEES FOR THE OVER 60’S
Pension Credit is an entitlement for people aged 60 or over living in Great Britain. This could mean extra money for you every week. Pension Credit guarantees everyone aged 60 and over an income of at least:

£124.05 a week if you are single
£189.35 a week if you have a partner

Also, if [...]