The state of your pension: the state earnings related pension scheme (Serps) won't enable you to retire to the Caribbean. But deciding whether to stay in it or not could still have a big effect on the size of your retirement income
Article Abstract:
The state earnings related pension scheme (Serps) is just 4,264 pounds sterling a year, and the government has been encouraging people to leave the scheme. A contracted out pension usually depends more on investment performance than a state one, and enough must be earned to offset charges involved in establishing a fund. A contracted out final salary scheme means that both employer and employee pay less National Insurance contributions. A money-purchase employer scheme invests the National Insurance rebate in a fund offering protected rights. With a personal pension scheme the National Insurance rebate is paid directly into the plan.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Mrs mop gets her pension: companies employing large numbers of part-time workers will be groaning in despair at the European Court's decision to give these workers full pension rights
Article Abstract:
There has been a rise in the number of part time workers or those on short term contracts over the past decade and the European Court has now insisted that part timers can claim pension benefits for past service. Part time workers will have to pay contributions for previously ineligible years and trade unions representing them believe it is a good investment. Some companies have had to include part timers in their pension scheme and pay back dated contributions themselves.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Getting personal on pensions: personal pension plans have had a bad press recently. Manypeople were sold them when they shouldn't have been. But they can still be very lucrative andflexible investments
Article Abstract:
Although there has been scandal aboutthe mis-selling of personal pension plans, they can still be lucrative and flexible investments.Investors can choose where their money is invested and contributions attract tax relief at anindividual's highest rate. Appropriate personal pensions invest an individuals' rebated NationalInsurance contribution, while top-up personal pensions are subject to similar contribution caps asoccupational schemes.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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