State pension means testing; What you need to know
Автор: Dianne Sullivan
Загружено: 2024-05-04
Просмотров: 479157
Описание:
Everyone gets the same amount of state pension regardless how wealthy you are. As long as you’ve paid 35 years of national insurance contributions that is. But what if this were to change in the future such that the amount you get depends on how much other income you have.
In this video, go through the likelihood of the state pension being means tested and what it could mean for you if it does.
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Thanks to those of you who are pointing out that not everyone receives the same amount of state pension if you were previously on the old state pension. This is correct.
My opening statement refers to the 35 years NIC needed for the new state pension - previously it was 30 years The amount you received varied as there was a 2 tier system that explain in another video link • Reduced state pension? Contracting out exp...
Video on why the state pension is a benefit
• Видео
timestamps
0:00 intro
1:23 the current picture for the state pension
2:22 what portion of retirement income is it?
4:24 should everyone get the same?
8:47 what could means testing look like?
11:11 would means testing discourage pension saving?
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