State Pension GBP140 Per Week

State Pension £140 Per Week.

Iain Duncan Smith, the work and pensions secretary is due to make a speech to Age UK in April and he is likely to indicate a move towards a flat-rate payment for men and women, thereby removing the disincentives for low earners to build up savings and ensure fairness for those who take time off to raise children.

The basic state pension could be set at £140 a week, but ministers have not confirmed this.  Currently, a full state pension for single men and women is £97.65 a week and £156.15 for couples.  These amounts are topped up for the poorest people, though the means-tested pensions credit to provide a guaranteed minimum income of £132.60 for single people and £202.40 for couples.

Need An Adviser Links: Members ¦ Financial Advice ¦ Retirement ¦ Legal ¦ Tax ¦ Insure Invest ¦ Shop ¦ International

Other Links: Home Page ¦ Contact us ¦ Book Callback ¦ Free Consultation ¦ Newsletter ¦ Money MOT ¦ Discounts ¦ News