The new flat-rate pension…how will it work?

As you are most likely aware, the Government has introduced a new flat-rate state pension scheme, which will come into effect in 2017. The reformation represents the biggest change to the state pension system in a generation.

If you are struggling to get your head round how it will change and what the impact might be on your retirement plans, Telegraph.co.uk has pulled together a handy summary, explaining the some of the key ways in which the new system differs from the current state pension scheme.

You can check it out by clicking here.

Telegraph.co.uk has also published a Q&A on the new flat-rate pension scheme, answering a range of readers’ questions.

Have a look at the Q&A by clicking here.

Source: Telegraph.co.uk

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