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UK occupational pension schemes are typically jointly funded by the employer and the employees. These are called "contributory pension schemes" since the employee contributes. "Non contributory pension schemes" are where the employer funds the scheme with no contribution from the individual.
Provided they have 35 qualifying years, individuals would actually receive £144 a week, plus a "protected amount" if they have already earned a second State pension greater than £37 a week (which is the difference between the current basic State Pension and the proposed flat-rate pension), and minus a "rebate-derived amount" if they have paid ...
A personal pension scheme (PPS), sometimes called a personal pension plan (PPP), is a UK tax-privileged individual investment vehicle, with the primary purpose of building a capital sum to provide retirement benefits, although it will usually also provide death benefits.
The pensions industry has gravitated towards four industry terms to describe generic SIPP types: Deferred. This is effectively a personal pension scheme in which most or all of the pension assets are generally held in insured pension funds (although some providers will offer direct access to mutual funds). Self-investment or income withdrawal ...
The Pensions Act 2007 (c 22) is an Act of the Parliament of the United Kingdom. It incorporated the main findings of the all-party Pensions Commission in 2006 as set out in the white paper Security in retirement: towards a new pension system [ 2 ] published in May 2006.
Pension Law Reform; Pension liberation; Pension Protection Fund; Pension release; Pension Schemes Act 1993; Pension tax simplification; Pension term assurance; Pension Wise; Pension, Disability and Carers Service; PensionBee; Pensions Act 1995; Pensions Act 2004; Pensions Act 2007; Pensions Act 2008; Pensions Act 2014; The Pensions Advisory Service
Social Fund (UK) Social Security Agency (Northern Ireland) Social Security Contributions and Benefits Act 1992; Social Security Scotland; State Earnings-Related Pension Scheme; State Pension (United Kingdom) State Second Pension; Statutory Maternity Pay; Statutory sick pay; Supplementary Benefit; Support for Mortgage Interest
The Local Government Pension Scheme (LGPS) is one of the largest public sector pension schemes in the United Kingdom, with 6.4 million members from 15,000 employers. [1] It is a defined benefit pension plan. Administration is carried out through 89 [2] regional pension funds such as Greater Manchester Pension Fund and London Pensions Fund ...