Olympian Task to Sort Out the Pensions Mess Winners and Losers in Overhaul of State Fund
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Summary
W HAT two momentous events are now famously linked to 2012? The first is the sporting extravaganza, the Olympic Games, to be held in Britain for the first time in 64 years. And the second is that rises in the basic state pension will again go up in line with earnings increases, for the first time since the link was changed to price increases in 1980. But the penalty is that the retirement age will increase to 68 from 65 between 2024 and 2046.
The good news, though, is that anybody currently aged over 47 will not be affected.See the full content of this document
Extract
Olympian Task to Sort Out the Pensions Mess Winners and Losers in Overhaul of State Fund
This week's pensions white paper was so heavily predicted in advance - mostly correctly - that there was little new to come out on publication. It ...
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