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The Old State Pension, consisting of the Basic State Pension (alongside the Graduated Retirement Benefit, the State Earnings-Related Pension Scheme, and the State Second Pension; collectively known as Additional State Pension), is a benefit payable to men born before 6 April 1951, and to women born before 6 April 1953.
In the early 20th century, occupational (workplace) pension schemes started to become more common, with one driver being the Finance Act 1921 which provided tax-relief on pension scheme contributions. [6] After the Second World War, the National Insurance Act 1946 completed universal coverage of social security.
The UK government publishes a list of 100 proposed locations for potential new towns in England, with Housing Minister Matthew Pennycook saying work on them will begin before the next general election. [82] 24 February – Westminster's Strangers' Bar is scheduled to reopen following a safety review. The establishment will have CCTV and extra ...
But how and when you take the money is important, and could cost savers dearly if they “get it wrong,” says Mr Lewis. ... Service tool on gov.uk, it can list over 200,000 pension schemes ...
In October 2017 the UK Government implemented a mandatory automatic enrolment system where full-time employees and employers have to make contributions to a workplace pension scheme. [36] The UK Government commissioned an independent review of the State pension age by John Cridland and in 2017, amongst other measures, it proposed increasing the ...
Voluntary occupational pension insurance: Private pension schemes Hong Kong: Basic pension: Provident fund system: N/A: N/A Hungary: Social assistance: Private pension fund: Voluntary pension fund: N/A India: Social assistance: Mandatory Provident Fund: Voluntary pension insurance: Individual private pension plans Ireland: Basic pension
The UK government reverses visa changes introduced in February 2024 that stopped Ukrainians from bringing their children to the UK, meaning they can now do so. [103] Pharmaceutical manufacturer AstraZeneca abandons a planned £450m investment in a vaccine production facility on Merseyside, blaming a lack of UK government support for its ...
National Employment Savings Trust (NEST) is one of the qualifying pension schemes that employers can use to meet their new duties. It was set up as part of the government's workplace pension reforms. Nest is a trust-based defined contribution pension scheme, run by a trustee (Nest Corporation) on a not-for-profit basis.