Sentences with phrase «basic state pension»

It's why back in April we delivered the biggest - ever cash rise in the full basic state pension — an extra # 5.30 a week.

Pensions The government will restore the link between earnings and basic state pensions from April 2011, and plans to move towards raising the state pension age to 66.

In the case of Denmark the current basic state pension is gradually being reduced in importance relative to a savings - based pension.

But there is a consensus, not just among the politicians, that at the heart of the pension system there should be a strong basic state pension, and that the spread of means - testing has gone too far.

Osborne said the money would be used «to provide a more generous basic state pension as we manage demographic pressures».

Significant changes have been made to the Teachers» Pension Scheme, but also there have been changes to the way that pensions can be accessed in the form of the Freedom and Choice initiative and also the new State Pension that replaces the current two tier Basic State Pension and Additional State Pension.

where the scheme's benefit structure integrates with the pre 6 April 2016 state pension e.g. Basic State Pension deducted in calculating pensionable earnings

«By 2010 around 75 per cent of women reaching state pension age will be entitled to a full basic state pension, rising to over 90 per cent by 2025, compared to around 35 per cent today,» Mr Purnell continued.

New State Pension The new State Pension is the replacement for both the current Basic State Pension and the Additional State Pension.

There should also be a gradual shift towards raising the basic state pension in line with earnings, and, while he would maintain the pensioner's credit, he would freeze the maximum level of payments to limit means - testing as much as possible.

Hinting at reports that suggest chancellor Gordon Brown has already decided against plans to raise the basic state pension in line with earnings, rather than prices as at the moment, the former CBI director general said his recommendations were only suggestions.

But last week's autumn statement raised question - marks about the effectiveness of the strategy, when it was confirmed the basic state pension would not be included.

And he said he'd include the basic state pension in it.

Finland also has a combination of a basic state pension and a more dominant statutory earnings - related pension, and will be pursuing additional pension reforms in the next two years.

If you care for children at home, and get child benefit, your National Insurance contributions are maintained - which protect your basic state pension.

Withdrawing Child Benefit could damage women's entitlement to a basic state pension.

Make the «pensioner perks» — the Winter Fuel Allowance, the free TV licence — a taxable benefit and strip out bureaucracy by simply adding the value to the basic state pension.

It replaces personal tax allowances, and most means - tested benefits including jobseeker's allowance, child benefit, the basic state pension and tax credits.

Pressed on why wealthier pensioners were being spared economic pain once again, the prime minister said: «The choice that we have made [is] saying if you have worked hard and saved and you're in retirement, you deserve dignity and security, so we have protected the basic state pension, which is up # 15 a week since I became prime minister.

The basic state pension should gradually become more generous and less means - tested, paid for by an increase in the retirement age up to 69, Adair Turner said today.

Academy schools, the military covenant enshrined into law, a refreshed right - to - buy, the biggest welfare - to - work act since the 1930s, and the biggest - ever increase in the basic state pension are just a clutch of tasks achieved.

These include the basic State Pension, the additional (Second) State Pension, contribution - based Jobseeker's Allowance, contribution - based Employment and Support Allowance, Maternity Allowance, and bereavement benefits.

At the same time, the diminution of the importance of the Basic State Pension in respect of other retirement benefits has led some to call for the replacement of National Insurance with an explicitly tax - based alternative.

As Tory election strategist he is keen to make political ground over Labour's inclusion of the pension in the welfare cut, because it allows the party to highlight how the opposition plans to cut the basic state pension in real terms.

Osborne dealt with his biggest headache, the basic state pension, by exempting it from the overall welfare cap.

The basic state pension won't stay stable - it'll rise by 2.5 per cent from April 2010.

Pensions minister Mike O'Brien confirmed the basic state pension will rise to # 90.70 for a single person and # 145.05 for a couple from next April, an increase of # 3.40 and # 5.45 respectively.

This is up from the # 6,029 level of the basic state pension in 2015/16, according to the new analysis prepared by the Tories.

Critics also pointed out that the plans will create greater discrepancies between the retirement date for public sector workers, many of whom will still retire at 60 with lucrative pension packages, and other workers who will have to wait much longer to receive their basic state pension.

Conservatives are also prominent defenders of the basic state pension and David Willetts was ahead of Labour in saying that it needed to be reconnected to the rise in average earnings.

The Prime Minister will say the basic state pension will rise to # 6,999 a year by 2019/20 according to current forecasts (picture posed by model)

The Tories» triple lock, which ensures the basic state pension always rises in line with the highest of earnings, inflation or 2.5 per cent, has seen the biggest ever annual cash increase in the state pension.

The analysis says that if the government continued with Labour's policy, where the basic state pension rose by the highest of inflation or 2.5 per cent — not earnings — would see the pension # 127 less by 2019/20.

The projected increase to # 6,999 in the value of the basic state pension does not include any additional entitlements such as SERPS and the second state pension, which already average more than # 1,000 a year.

«I have had representations that the basic state pension should be included,» George Osborne said.

12:47 - Welfare payments - the annual increase in the basic state pension is protected by the triple lock, he reminds MPs.

«Policy Exchange wrote a report earlier this summer telling me that not including the basic state pension is a terrible idea.

The basic state pension looks like it's not being included - and nor are what the Treasury calls «the most cyclical elements of welfare».

Cameron says he's proud of the fact the basic state pension is being increased by # 5 a week, starting in April.

«At the heart of next week's reforms will be a new contributory principle that gives women a fairer entitlement to the basic state pension more quickly, while ensuring that we value social contributions equally with cash contributions,» Mr Hutton said.

Both the proposals from the government and Lord Turner would ensure that by 2050 about 95 per cent women would receive a full basic state pension, but Mr Hutton said the former would achieve this goal faster.

The government has been urged by MPs to set in stone a date for when it intends to re-link increases in the basic state pension to earnings and not inflation.

We will restore the earnings link for the basic state pension from April 2011 with a «triple guarantee» that pensions are raised by the higher of earnings, prices or 2.5 %, as proposed by the Liberal Democrats.

We've already lifted 900 thousand pensioners out of poverty — and in the next five years will restore the earnings link for the basic state pension.

The claim: «So to increase security in retirement, we will restore the link between the basic state pension and earnings from 2012 — a link broken by the Tories in 1980.»

Labour and the Conservatives had previously said that while they aimed to increase the basic state pension in line with earnings from 2012 they would only commit to doing so from 2015.

Asked to explain the apparent lack of a costing, a Treasury spokesman told FactCheck that a regulatory impact assessment published by the government on 29 November 2006 along with the Pensions Bill estimated the cost of uprating the basic state pension in line with earnings.

However if you take a look at the Budget there isn't an explicit reference to the basic state pension being linked with earnings from 2012.

He said a Conservative team would restore the earnings link for the basic state pension in the next parliament.