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Welfare Reform on the Web (November 2003): Pensions - UK

BOOST FOR DEFERRED PENSIONS

N. Timmins and N. Tait

Financial Times, October 3rd 2003, p.1

People who have put off claiming their state pension for five years will receive up to £30,00 in a lump sum, Andrew Smith, the Work and Pensions Secretary, announced yesterday. The state pension can be deferred, but on less generous terms.

THE NEW PENSION CREDIT SYSTEM EXPLAINED

S. Johnson

Legal Action, October 2003, p.25-28

The article summarises the new pension credit scheme, which replaced the minimum income guarantee on October 6th 2003. It explains its two different parts - guarantee credit and savings credit - and who they are aimed at, and also has information on calculation rules, claims administration and appeals and its effect on other benefits.

SOME REFLECTIONS ON THE TAX SIMPLIFICATION PROPOSAL AND THE IMPLICATIONS FOR SELF-INVESTED PERSONAL PENSIONS

J. Moret

Pensions, vol.9, 2003, p.53-58

Paper looks at some of the key Treasury and Inland Revenue proposals on pensions tax simplification and their potential impact on the self-invested personal pensions (SIPP) market.

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