Single tier pension - advisers beware!

From April 2016 there will be a single component fl at rate pension set by regulations, which in 2012/13 earnings terms equates to £144 per week. It will be available to those individuals reaching state pension age (SPA) on or after that date with an adequate NI record. Transitional provisions will apply to protect state pension rights accrued before 6 April 2016 under current legislation. Individuals who reach SPA before the date will remain under the existing two tier state pension regime. To qualify for the full state pension an individual must have paid, or have been credited with...