What will state pension be april 2017

Find out more: s tate second pension and SERPs explained. The September CPI inflation figure of 3. Some active members of public sector pensions do still get annual increases more than the CPI rate.

Scheme regulations for newer public pensions stipulate teachers receive an increase of CPI plus 1. Judicial, local government pension scheme and civil service pensions only receive a CPI increase.

The state pension is a benefit paid by the government to those who have reached state pension age. Find out more: your state pension forecast explained. If your spouse or civil partner died within 90 days of topping up their State Pension, the top up should have been refunded to their estate their total property, money and possessions , minus any payments they received before they died.

This means you will not inherit the top up as part of their Additional State Pension. The limit does not include State Pension top up. If you get divorced or your civil partnership is dissolved, the court can decide that your Additional State Pension should be shared as part of the financial settlement.

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Commenting on the increase to weekly payments, Tom McPhail, head of retirement policy at IFA firm Hargreaves Lansdown, said it was ironic that earnings growth had hit the 2. A review now looking beyond makes sense. McPhail said there were reasons to be cautious in favour of those approaching retirement. Politicians have to strike a delicate balance but if they take too much away from pensioners they could end up sowing the seeds of the next pensioner income crisis.

It found that changes to the system meant that on average pensioners were better off that they had ever been, but that those aged between 56 and 60 did face lower incomes in retirement than those who have already stopped work.