New Pension Rules

The New State Pension comes into effect from April 2016. Gov.UK has been updated with information about the changes and now includes details about how people aged 55 and over can request a pension statement under the new rules.

The state pension statement service has been extended to include people aged 55 and over. Statements give individuals an estimate of how much they may get under the new State Pension based on their current National Insurance record.
About 5.5 million people are now able to request a pension statement under the new rules.

The statement offers an estimated amount, not a guaranteed amount, as it is based on an individual’s current NI record and doesn’t take into account future NI contribution years they may build.

Pension Wise is a free Government service offering guidance to people over 54.5 years and within 6 months of retiring about how they can make the most of the new pension freedoms.

To find out more, or to make an appointment with a Pension Wise adviser, get in touch with your local CAB.

(Please note: Views and opinions expressed by third parties, as guest posts or links, are not the views and opinions held by Citizens Advice, or the Bureaux involved in producing Campaigning Cumbria.  This blog is intended as an information resource to show the type of evidence we are looking for, and the sort of changes to social policy and welfare that might impact those living in Cumbria, and to allow local people and policymakers have their say. It is not intended to provide advice, guidance or information.)

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