New State Pension Worries

July 3rd, 2015

The new flat-rate state pension (from April 2016) will be simpler than what it replaces, but the Independent reports an analysis by the Institute of Fiscal Studies that shows that everyone aged under 30, and many people aged under 50, will get less from the new scheme than from current arrangements.

So far, communication has been poor and the Independent questions how honest the government will be about the millions of losers when they do start to tell people about the change.