Monday 22 February 2016

The new state pension from 6 April 2016 and members NI Contributions

From 6th April there will be a new state pension and members national insurance contributions will change

From 6 April the Basic State Pension and Second State Pension (S2P) will end and be combined/ replaced by a new State Pension. Those who are paying reduced rate NI Contributions at the moment because they are in a work place pension scheme that is better than the Second State Pension will start to pay the standard NI contributions and start to earn a higher State Pension.

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