The government has unveiled a plan to allow those who have reached 65, or who will do so before April 2016, to increase their basic weekly state pension (SP) by up to around £25 per week.
The Daily Mail has calculated that for every £900 they pay, their weekly SP will increase by £1. But the DWP has yet to set the final figure. The lucky winners can pay up to £25,000 to Osborne. ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date