The Government has outlined its plans and ideas for reform of the current somewhat complex State Pension benefit. Under the proposals there are 2 options, the first being to accelerate existing reforms bringing about a two tier flat rate structure by 2020 and the second option is the introduction of a single tier flat rate pension of £140 a week. 

I personally welcome the simplification of proposed reforms and believe that both options are a huge step forward. In particular the second option is in my opinion preferrable as it would provide the much needed incentives for the UK residents to save more  and plan effectively for their retirement.

A link is provided below for more details on the consultation and to allow feedback;

Opinions & Insights

Follow us

Stay in touch with our latest news and views

    Register for updates

    We issue regular updates which cover current financial planning topics. Please enter your email address if you would like to receive these. Please note that you may withdraw your consent to receive our updates at any time by notifying us at main business address.
     Thank you, you have been added to the mailing list, and will receive our next quarterly update.
     Please fill out the missing fields