The Department for Work and Pensions have provided a resource pack regarding the new state pension.
The new state pension is being introduced for people reaching state pension age on or after 6th April 2016. If your staff members have questions about what these changes mean for them the resource pack below should help you answer those questions.
The resource pack will provide information on the following:
- the link between national insurance payments and your State Pension
- what contracting-out means for your pension and what will change when contracting-out ends
- how starting amounts in the new state pension system are calculated, what that means for your pension and ways you can increase your state pension
- deferral (some people choose not to claim their State Pension at their State Pension age. This factsheet explains how you can do this and what effect that will have)