New pensions 2017

[Anna B]

I'm curious to know what is going to happen to older pensioners should the new style pension, (£140-£150) come into force in 2017?

 

Will the old pension (about £90) which a large number of pensioners will still be on, attract extra benefits to make it up to about the same value, or will we in effect have a two tier system with a large group of substantially poorer pensioners means tested for every penny? Or no extras at all?

 

If the idea is to streamline pensions and make them simpler, then having two different systems far from making it simpler, seems like a recipe for disaster.

 

Has anybody heard anything about what is going to happen?

[LeMaquis]

According to http://www.bbc.co.uk/news/business-21017013

 

"Anyone who qualifies for the state pension before April 2017 will continue to receive their entitlement under the current system."

 

So it looks like it will be a two tier system. Pension Credit will be available for both.

[Anna B]

According to http://www.bbc.co.uk/news/business-21017013

 

"Anyone who qualifies for the state pension before April 2017 will continue to receive their entitlement under the current system."

 

So it looks like it will be a two tier system. Pension Credit will be available for both.

 

Thanks for that. It all looks rather complicated to me. Let's hope someone can work it all out....

[pottedplant]

Thanks for that. It all looks rather complicated to me. Let's hope someone can work it all out....

 

It already is.......many current pensioners are on different rates/pensions dependent upon when they qualified.