The New State Pension Scheme
As of April 2016, the new state pension scheme will become the biggest shake up in state benefits for a generation. Whether you are 30 or 90 years old, there will be planning opportunities for you to increase the amount of state pension you receive.
For those who will retire under the new regime, your state pension position will be assessed from the outset of the new Single Tier State Pension. Over the course of the next year, all clients who are not retired should obtain an updated statement to assess their Foundation Amount and possibly their Protected Payment.
To help clients apply for a state pension statement, please follow this link to our newly updated online note.
If you are already in receipt of a UK state pension and are contemplating increasing the amount you receive, please refer to our previous send out ‘State Pension Reforms’ for further information.
Over the course of the coming weeks, we will be conducting a comprehensive campaign tackling the recent changes made to the pension landscape. In the meantime however, please do review our summary on the New State Pension Scheme as well as the wider notes available on our website.
As ever, you can reach us on our usual numbers if you have any queries.