Sentences with phrase «basic state pensions from»

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.

Not exact matches

The new system replaces the basic and additional pensions for people reaching the state retirement age from 6 April 2016

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.

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.

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.»

And whilst re-indexing the Basic State Pension to earnings from 2011 is desirable (and based on a wider post-Turner consensus on pensions reform), the measure had already been factored into the Treasury's costings from 2012 onwards during Labour's last years in office.

He sought to soften the blow by restoring the state pension link to earnings from next year, raising income tax allowances for basic rate payers and a # 2bn boost for poor families.

«And, of course, from April 2011 we are triple - locking the value of the Basic State Pension so that it will rise by the minimum of prices, earnings or 2.5 %, whichever is higher.

The base amount of new State Pension (nSP) will be # 155.65 a week from April 2016, which is # 36.35 higher than the level of the Basic State Pension in 2016 of # 119.30 a week.