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517527
CeFS Pensions
Descrição
CeFS Unit 2 Topic 2
Sem etiquetas
level 3
Criado por
joan.coverley1266
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Criado por
joan.coverley1266
mais de 12 anos atrás
105
1
1
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Resumo de Recurso
CeFS Pensions
State Pension
National Insurance Contributions
SSP and SERPS
Basic is currently £110.15 - goes up in April
Taxable
Liable to change to 'single rate' to reduce need for 'pension credit'
Occupational Schemes
Defined Benefit
Average Earnings e.g. Teachers and other public service
Final Salary Schemes - expensive and disappearing
Defined Contribution or Money Purchase
Clearly states what will be put in, not clear what you'll get out - will depend on 'performance'
Auto Enrolment/NEST/Stakeholder Pensions
Pensions Crisis. People must save for a pension.
You put in and employer puts in
taxable income
Private Pension
Tax efficient - you put in and Govt/taxpayer puts in
Long term money purchase/defined contribution
Not clear what you'll get out!
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