With today’s launch of the new State Pension, we’re starting to bring clarity to a system that few people truly understand.
In previous blogs I have outlined the changes to the State Pension from 6 April 2016. There are a couple of ways you can check how these changes will affect your own position.
To determine your new State Pension, a ‘Starting Amount’ calculation is made. This will form the base on which, in most cases, you may be able to add to your State Pension under the new system.
2015 has been an exciting year for UK pensions with more workers in small and micro firms being enrolled in a workplace pension. And 2016 looks set to be even busier.