13 APR 2016

New State Pension

The new state pension that was introduced on 6 April helps ensure that hardworking people can look forward to dignity and security in retirement.

Everyone eligible who reaches retirement age in Dover and Deal will now benefit from the new pension. The full rate for the new pension is set at £155.65 a week, which amounts to over £8,000 a year.

The new state pension will particularly benefit women, with over 75% of women and over 70% of men gaining in the first 15 years of the new pension. By 2030 over 3 million women stand to gain an average of over £550 extra every year.

It will also provide clarity and confidence for people across our area about what money they will receive in retirement. The new state pension also goes a long way towards helping those who have historically lost out under the old system.


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Charlie Elphicke

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