What will happen to my state 2nd pension when the new state pension comes in?

Posted on by

Get an answer to your financial question online Reader Question:

Do I read correctly that those of us who are on the state pension and serps 2nd pension now will still carry on after the new state pension comes, in 2017, as there has been no clear cut statement to that affect?

thanks, John

My Response:

As the proposals currently stand those who retire before 2017, when the the new flat rate state pension is scheduled to come in, will carry on receiving their state pension based on current proposals. So that means that some people will be better off, as they currently receive more than the proposed flat rate of £144 a week. But those who currently receive less than this amount will continue to do so.

I hope that helps

Best Wishes

Damien

The material in any email, the Money to the Masses website, associated pages / channels / accounts and any other correspondence are for general information only and do not constitute investment, tax, legal or other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Always obtain independent, professional advice for your own particular situation. See full Terms & Conditions and Privacy Policy

Need Pension Advice? Mark Can Help

Get started with a FREE expert chat

Mark

WHY MARK?

Mark has been serving up no-nonsense financial advice for over 10 years and a Fellow of the Personal Finance Society. Mark’s investment service allows everyone to benefit from these expertise, no matter how much or little you have to start with.

FREE CHAT

There are no hard sells here. Mark is happy to have an initial no obligation chat to explore your options. You then decide if you want to take it further.

WHAT TO DO NEXT

1) Fill in the form below

2) Mark will be in touch for a FREE no obligation chat

Chat to Mark

  • This field is for validation purposes and should be left unchanged.

This post was tagged under: , , ,

About Damien

Damien is one of the most widely quoted money and investment experts in the national press and has made numerous radio appearances. He created MoneytotheMasses.com while working in the City when he became disillusioned with the way the public were left to fend for themselves because they could not afford financial advice.In 2014, after publishing his first book '30 Day Money Plan - Fix your finances in just 5 minutes a day' Damien quit his day job to focus his efforts on MoneytotheMasses.com

Thoughts on "What will happen to my state 2nd pension when the new state pension comes in?"

  1. John Wakely January 30, 2013 at 8:24 pm

    Thank You DAMIEN, For Your promt answer to My Question on State Pension & S ERPS 2017. Have now thought further into THIS situation and wonder if any thing was said about Ones SERPS being payed to to YOUR Spose UNTILL She dies . I told My Son Kevin about Your Site, He now follows You on Face Book.
    Yours Truly,
    JOHN.