Question 1
I note your reply to a previous question regarding the SERPS portion of our pensions, but your reply is that the government says these benefits will increase in line with C.P.I from April 2011. Does that mean that our pension increase in April this year will also include an increase the the serps/state second pension?
Thank you.
M.Callaghan
Question 2
Please can you tell me by what % is the state pension going up?
email address supplied.
My Response
Hi to you both,
An individual who is resident in the UK and is entitled to the full Basic State Pension (BSP) will see their weekly pension increase by £4.50 to £102.15 from April 2011.
In addition, those entitled to a state second pension will see this portion of their pension increase in line with last September's Consumer Price Index (CPI) figure, which was 3.1%.
I hope that clears things up for you both and you continue to enjoy Money to the Masses.
Image: Filomena Scalise / FreeDigitalPhotos.net
£200 Pension Cashback Offer
Make a qualifying deposit or transfer a pension to our partner Interactive Investor.
- Deposit or transfer a pension of at least £20k and you could earn £200 cashback
- Terms and Fees apply, Capital at risk
- New & Existing customers opening a SIPP
- Offer ends 30th June 2026
Before starting your transfer, check you won't lose any valuable benefits (such as guaranteed annuity rates or a lower protected pension age) and find out what exit fees you might have to pay
