Single Tier State Pension
The new State Pension is a regular payment from the government that you can claim if you have reached State Pension Age (SPA) on or after 6 April 2016. Other arrangements applied prior to that date.
You’ll be able to get the new State Pension if you are eligible and:
- A man born on or after 6 April 1951
- A woman born on or after 6 April 1953
If you reached State Pension age before 6 April 2016, you’d get the State Pension under the Basic State Pension and Additional State benefits headers as shown below.
Single Tier State Pension
This applies to people whose State Pension Age falls before 6 April 2016, for people who have paid sufficient National Insurance Contributions while at work or have been credited with enough contributions. **
Additional State Pension
An Occupational Pension
Personal Pension Schemes
(Including stakeholder schemes). These are also money purchase schemes and are open to everyone and especially useful if you are self-employed, just for topping up existing arrangements. From October 2012, all employers now have to offer their employees, who meet certain criteria, automatic enrolment into a workplace pension.
Retirement Options
** For those who have reached State Pension Age on or after 6 April 2016, these no longer apply.
Savvy Wealth Management Limited trading as Savvy is registered in England and Wales no. 7700192. Registered office, 1 Parc Bryn Derwen, Llanharan, CF72 9TT.
Authorised and regulated by the Financial Conduct Authority. Savvy Wealth Management Limited is entered on the Financial Services
https://register.fca.org.uk/
reference 562795
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