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Author: Great Britain Publisher: The Stationery Office ISBN: 9780105422075 Category : Business & Economics Languages : en Pages : 84
Book Description
The Act is in four parts. Part 1 concerns the State Pension: the entitlement to Category A and B retirement pensions; credits for basic state pension; abolition of adult dependency increases; up-rating of basic state pension and other benefits; additional pensions; increase in state pension age. Part 2 is about occupational and personal pension schemes: conversion of guaranteed minimum pensions; abolition of contracting-out for defined contribution pension schemes; dispute resolution; removal of the Secretary of State's role in approving actuarial guidance; financial assistance scheme; temporary restriction on purchase of annuities. Part 3 concerns the setting up of the Personal Accounts Delivery Authority. Part 4 contains general measure.
Author: Great Britain Publisher: The Stationery Office ISBN: 9780105422075 Category : Business & Economics Languages : en Pages : 84
Book Description
The Act is in four parts. Part 1 concerns the State Pension: the entitlement to Category A and B retirement pensions; credits for basic state pension; abolition of adult dependency increases; up-rating of basic state pension and other benefits; additional pensions; increase in state pension age. Part 2 is about occupational and personal pension schemes: conversion of guaranteed minimum pensions; abolition of contracting-out for defined contribution pension schemes; dispute resolution; removal of the Secretary of State's role in approving actuarial guidance; financial assistance scheme; temporary restriction on purchase of annuities. Part 3 concerns the setting up of the Personal Accounts Delivery Authority. Part 4 contains general measure.
Author: Great Britain: Department for Work and Pensions Publisher: The Stationery Office ISBN: 9780101805322 Category : Social Science Languages : en Pages : 60
Book Description
In this document the Government is looking at options for delivering a simpler and fairer state pension which rewards those who save for their retirement and is sustainable for future generations. The consultation is on two broad options for reform of the state pension, and the most appropriate mechanism for determining future changes to state pension age. The four guiding principles for pension reform are: personal responsibility; fairness; simplicity; affordability and sustainability. The options for reform of the state pension are: (1) faster flat rate or (2) a single tier pension. Currently the basic state pension is a flat-rate payment of £97.65 a week and the state second pension is partly flat rate and partly linked to earnings, such that higher earners receive a higher state pension. Option 1 would accelerate reforms so that the state second pension becomes fully flat rate by 2020 instead of the early 2030s. At the end of the transition those with a full contribution record - about 30 years - would receive the full pension, in two tiers, currently estimated at about £140 a week. Option 2 is a more radical approach, combining the two existing pensions into one single-tier pension. Future pensioners with at least 30 qualifying years would receive the same flat-rate pension currently estimated at £140 a week. This payment would be set above the basic level of support provided by Pension Credit. There are also two options for changing state pension age: through a formula linked to life expectancy; through a regular review.
Author: David Davidson Publisher: Law Society Publishing ISBN: 9781853286698 Category : Divorce settlements Languages : en Pages : 173
Book Description
Pension sharing following marriage or civil partnership breakdown can prove complex to calculate. This practical guide explains the powers the courts have in relation to pension funds and the way they can exercise those powers when granting financial relief following a decree of judicial separation, divorce or nullity of marriage or civil partnership.This second edition has been fully updated and expanded to take account of significant changes to the rules and tax provisions regarding pensions made by the Finance Act 2007 and by the Pensions Act 2007. These include:he abolition of contributions relief for life assurance premium contributionsamended provisions relating to alternatively secured pensions (ASPs)providing for a simpler flat rate state second pensionthe reduction of the number of years' contributions required to achieve a full basic state pension.
Author: Great Britain Publisher: ISBN: 9780111474853 Category : Law Languages : en Pages :
Book Description
Enabling power: Pensions Act 2007, s. 30 (2). Bringing into operation various provisions of the 2007 Act on 01.03.2009 & 06.04.2009. Issued: 04.03.2009. Made: 26.02.2009. Laid: -. Coming into force: -. Effect: None. Territorial extent & classification: E/W/S. General
Author: Great Britain Publisher: ISBN: 9780111511336 Category : Languages : en Pages : 4
Book Description
Enabling power: Pensions Act 2007, s. 30 (2) (b). Bringing into operation various provisions of the 2007 Act on 06.04.2012, 06.04.2015. Issued: 16.05.2011. Made: 12.05.2011. Laid: -. Coming into force: -. Effect: None. Territorial extent & classification: E/W/S. General
Author: Great Britain
Author: Great Britain
Author: Great Britain
Author: Great Britain. Department for Work and Pensions
Author: Great Britain
Author: Great Britain
Author: Great Britain: Department for Work and Pensions
Author: David Davidson
Author: Great Britain
Author: Great Britain
Author: Great Britain