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Government policies

Second state pension

Starting dates April 2002: introduced
Key department DWP
Key delivery agency Pension Service
Budget/target/comment

An extension to SERPS and aims to increase the income provided by SERPS for those on lowish incomes (up to £30,000 in 2007/08).

Those earning less than £13,000 have their pension calculated as though their earnings were actually £13,000.

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© Guy Palmer | info@poverty.org.uk