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State Pensions

Description: The pros and cons of state pension schemes - Basic and SERPS (State Earnings Related Pensions)

Newest Review: ... SOME) amends for this situation and lucky us, we have received a couple of years' increases above the level of inflation. We should also remember the £200 per year per household winter fuel allowance and the £10 Christmas present (a figure which has been fixed since it was introduced). However, GB has made one extraordinary admission - the pension is inadequate even after his little ... more

... fiddles. How do we know that he thinks this? Easy, he has introduced a means-tested "Minimum income guarantee". Under this provision, the level of the increase a basic pensioner will receive is £16.65, for a couple it is £19.20. This is ...more

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State Pensions: Enough to live on? NO, and that's official. (480 words)
by jdidlock - written on 26.04.02 (Very useful, 148 readings)
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I am amazed to find that I am the first to broach this topic, maybe I am the only old codger using DooYoo. But State Pensions - HMMM. When whatever bunch decided that pensions should only be tied to the retail price index, ie inflation, at a stroke they decided that whatever increased properity the rest of the population enjoyed, those on pension were excluded. The theory was that having established a standard of living, the best pensioners could hope for was that the pension would maintain that standard and the RPI was to be the measure of that. Whatever one thinks of Gordon Brown's policies in general, I do believe he has tried to make ...

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