Understanding pensions â what is drawdown?
Category: pensions & retirement & Retirement Planning
Category: Lifestyle & Mortgages & pensions & property & Wills
Category: pensions & retirement & Uncategorized
The new single-tier state pension, also referred to as a âflat-rateâ pension, came into effect at the start of April this year. Whilst it makes the system simpler, as well as increasing the basic state pension from around ÂŁ120 per week to a starting figure of ÂŁ155 per week, the new system is not set to benefit everyone. To find out whether youâre one of the people who will be better off, one of those losing out, or someone who wonât be affected by the changes at all, read on.