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The Old State Pension, consisting of the Basic State Pension (alongside the Graduated Retirement Benefit, the State Earnings-Related Pension Scheme, and the State Second Pension; collectively known as Additional State Pension), is a benefit payable to men born before 6 April 1951, and to women born before 6 April 1953.
Following the passage of the Old Age Pensions Act 1908 a pension of 5/— per week (£0.25, equivalent, using the Consumer Price Index, to £33 in 2023), [2] or 7/6 per week (£0.38, equivalent to £49/week in 2023) for a married couple, was payable to persons with an income below £21 per annum (equivalent to £2800 in 2023); the qualifying ...
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The full state pension is set to rise by £460 from next April, according to official wage figures. ... UK workers saw their pay increase by 3%, down from 3.2% in the previous three months.
An increase in the National Minimum Wage from £9.50 to £10.42 an hour for all those aged 23 or over from April 2023 [18] A 10.1% rise in state pension, means tested benefit and disability benefit payments, increasing them in line with inflation [18] The triple lock for calculating the basic state pension is retained [15]
All working parents in the UK are currently entitled to 30 hours of free childcare for children aged 3 to 4. From April 1, this entitlement expanded to include 15 hours of free childcare for 2 ...
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. The key provisions were: [3] Reduction of the qualifying years for a full basic State Pension from 44 years for men and 39 years for women to 30 years for both.