White Paper: ‘The single-tier pension: a simple foundation for saving’

On 14 January 2013, the Government published a White Paper outlining proposals to reform the State Pension into a single-tier State Pension.

The White Paper also includes proposals for a regular and structured mechanism with which to consider changes to the State Pension age in the future.

Secretary of State for Work and Pensions, Iain Duncan Smith said:

This reform is good news for women who for too long have been effectively punished by the current system. The Single Tier will mean that more women can get a full state pension in their own right, and stop this shameful situation where they are let down by the system when it comes to retirement because they have taken time out to care for their family.

Click here for details

Click here for Age UK Briefing on the White Paper