State Retirement Pension changes from April 2015

Written on . Posted in Benefits, Residents, Your money

It is proposed that means-tested pensioner benefits will be replaced by a new flat rate ‘Citizen’s Pension’ which is not linked to National Insurance contributions. A single pensioner will receive £140 per week and a couple will receive £280 per week.

The new ‘Citizen’s Pension’ will only apply to those who retire on or after the date the reform is introduced, not to people already receiving their pensions at that date. The current pension system will run alongside the new one until the last person receiving a pension under the current system dies.