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  2. Pensions in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Pensions_in_the_United_Kingdom

    Pensions in the United Kingdom, whereby United Kingdom tax payers have some of their wages deducted to save for retirement, can be categorised into three major divisions – state, occupational and personal pensions. The state pension is based on years worked, with a full 35-year work history yielding a pension of £203.85 per week. [1]

  3. National Employment Savings Trust - Wikipedia

    en.wikipedia.org/wiki/National_Employment...

    The Pensions Act 2008 established new duties which stated that employers need to provide their UK workers with access to a workplace pension plan that meets certain minimum standards. Some workers will be automatically enrolled into the pension plan and others can ask to join. The former is called 'automatic enrolment [2] '. These reforms ...

  4. Minimum employer contribution - Wikipedia

    en.wikipedia.org/wiki/Minimum_employer_contribution

    The pension scheme involves a portion of one's earnings being put into a fund by both the employer and the employee, in order to save money for their retirement. [3] Employers are initially only required to contribute 1% towards the employee's pension fund; this will increase to 2% on April 6, 2018, and then to 3% on April 6, 2019. [4]

  5. Department for Work and Pensions - Wikipedia

    en.wikipedia.org/wiki/Department_for_Work_and...

    The Department for Work and Pensions (DWP) is a ministerial department of the Government of the United Kingdom. It is responsible for welfare , pensions and child maintenance policy. As the UK's biggest public service department it administers the State Pension and a range of working age, disability and ill health benefits to around 20 million ...

  6. Pensions Act 2008 - Wikipedia

    en.wikipedia.org/wiki/Pensions_Act_2008

    The Pensions Act 2008 is an Act of the Parliament of the United Kingdom. The principal change brought about by the Act is that all workers will have to opt out of an occupational pension plan of their employer, rather than opt in.

  7. The pension fee trap: How 1% could cost you £50,000 - AOL

    www.aol.com/news/pension-fee-trap-1-could...

    In your workplace pension, ... Let’s say, for ease of round numbers, you have a pensions pot of £50,000 which grows at five per cent per year. If you pay fees of 0.25 per cent, after 30 years ...

  8. State Pension (United Kingdom) - Wikipedia

    en.wikipedia.org/wiki/State_Pension_(United_Kingdom)

    The benefits paid under basic State Pension are increased in April each year to pensioners living in the UK and in certain overseas countries which have a social security agreement with the UK that includes British pension uprating, [8] in line with the CPI. All state pensions for these pensions are protected by the "triple lock" guarantee.

  9. The People's Pension - Wikipedia

    en.wikipedia.org/wiki/The_People's_Pension

    The People's Pension is a British trust-based defined contribution workplace pension scheme for non-associated employers, commonly referred to as a master trust.After the UK's Pensions Act 2008 established new duties requiring employers to automatically enrol eligible workers into a workplace pension plan that meets certain minimum standards, [1] the People's Pension was set up in 2011 by B&CE ...

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