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The State Pension is an existing welfare benefit that forms part of the United Kingdom Government's pension arrangements. Benefits vary depending on the age of the individual and their contribution record.
State pensions. State pension comprises three main elements – the basic pension, additional pensions, and pension guarantee. These are described in the following sections. Basic State Pension (BSP) or State Retirement Pension
As the UK's biggest public service department it administers the State Pension and a range of working age, disability and ill health benefits to around 20 million claimants and customers. It is the second largest governmental department in terms of employees, and the largest in terms of expenditure (£187bn).
Department for Work and Pensions data shows that in November 2022 there were just under 9.58 million people receiving the pre-2016 basic state pension.
Timeline of changes to the age at which eligible persons receive the United Kingdom State Pension. Timeline (1908–2030)
Frozen state pensions is the practice of the British Government of "freezing" UK State Pensions, (that is, not uprating the amount in line with "Triple Lock" on an annual basis, as is done for residents in the UK), for pensioners who live in the majority of other countries, apart from the European Community countries and other countries with ...
Pension Credit is the principal element of the UK welfare system for people of pension age. It is intended to supplement the UK State Pension , or to replace it (for example, if the claimant did not meet the conditions to claim a State Pension).
The Pensions Advisory Service (TPAS) was a non-departmental public body and independent non-profit company limited by guarantee in the United Kingdom, which provided free information, advice and guidance on state, company and individual pension schemes.
The Money and Pensions Service (sometimes stylised as Money & Pensions Service or MaPS) is a British organisation whose statutory objective is to develop and co-ordinate a national strategy to improve people's financial capabilities.
The State Second Pension (S2P), or Additional State Pension, was introduced in the UK by the Labour Government on 6 April 2002, to replace the SERPS (State Earnings-Related Pension Scheme).
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