Posted on by Damien
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?
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
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Darren Amos is an independent financial adviser who has been in the industry for 20 years. He has always had a particular interest in Investment, including Pensions. FPC qualified since 1999 and has been qualified at the new Diploma since July 2011.