Pensions In The United Kingdomby S Ren Jehoiakim Ethan
Pensions in the United Kingdom fall into seven major divisions; Basic State Pension, State Second Pension (S2P), Occupational Pensions, Stakeholder Pensions, Group Personal Pensions and Personal or Individual Pensions. Personal accounts, automatic enrolment and the minimum employer contribution will be new policies joining these from 2012. The state provides basic pension provision intended to prevent poverty in old age. Until 2010 men over the age of 65 and women over the age of 60 were entitled to claim state pension; from April 2010 the age for women is gradually being raised to match that for men.
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