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Pensions Act 2007
The Pensions Act 2007 (c 22) is an Act of the Parliament of the United Kingdom. It incorporated the main findings of the all-party Pensions Commission in 2006 as set out in the white paper ''Security in retirement: towards a new pension system'' published in May 2006. The key provisions were: #Reduction of the qualifying years for a full basic State Pension from 44 years for men and 39 years for women to 30 years for both. #Linking cost of living increases to earnings rather than prices. #changing the contribution conditions for basic State Pension so that it is easier for everyone to build up some entitlement. #replacing Home Responsibilities Protection (HRP) with a new system of weekly credits for parents and carers #Raising the pension age for women to 65 by 2020. #Raising the pension age for both women and men from 65 to 68 between 2024 and 2046. #Introducing national insurance credits for parents and carers so that they can build up some entitlement to the additional State P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Short Title
In certain jurisdictions, including the United Kingdom and other Westminster system, Westminster-influenced jurisdictions (such as Canada or Australia), as well as the United States and the Philippines, primary legislation has both a short title and a long title. The long title (properly, the title in some jurisdictions) is the formal title appearing at the head of a statute (such as an act of Parliament or of act of Congress, Congress) or other legislative instrument. The long title is intended to provide a summarised description of the purpose or scope of the instrument. Like other descriptive components of an act (such as the preamble, section headings, side notes, and short title), the long title seldom affects the operative provisions of an act, except where the operative provisions are unclear or ambiguous and the long title provides a clear statement of the legislature's intention. The short title is the formal name by which legislation may by law be Legal citation, cited. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Personal Accounts Delivery Authority
Personal may refer to: Aspects of persons' respective individualities * Privacy * Personality * Personal, personal advertisement, variety of classified advertisement used to find romance or friendship Companies * Personal, Inc., a Washington, D.C.–based tech startup * The Personal, a Canadian-based group car insurance and home insurance company * Telecom Personal, a mobile phone company in Argentina and Paraguay Music * ''Personal'' (Men of Vizion album), 1996 * Personal (George Howard album), 1990 * Personal (Florrie album), 2023 * ''Personal'', an album by Quique González, or the title song * "Message"/"Personal", a 2003 song by Aya Ueto * "Personal" (Hrvy song), a song from ''Talk to Ya'' * "Personal" (The Vamps song), a song from ''Night & Day'' *"Personal", a song by Kehlani from ''SweetSexySavage'' *"Personal", a song by Olly Murs from his 2012 album '' Right Place Right Time'' *"Personal", a song by Against the Current from their 2018 album '' Past Lives'' Book ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament Of The United Kingdom
The Parliament of the United Kingdom of Great Britain and Northern Ireland is the supreme legislative body of the United Kingdom, and may also legislate for the Crown Dependencies and the British Overseas Territories. It meets at the Palace of Westminster in London. Parliament possesses legislative supremacy and thereby holds ultimate power over all other political bodies in the United Kingdom and the Overseas Territories. While Parliament is bicameral, it has three parts: the sovereign, the House of Lords, and the House of Commons. The three parts acting together to legislate may be described as the King-in-Parliament. The Crown normally acts on the advice of the prime minister, and the powers of the House of Lords are limited to only delaying legislation. The House of Commons is the elected lower chamber of Parliament, with elections to 650 single-member constituencies held at least every five years under the first-past-the-post system. By constitutional conventi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pensions Commission
The Pensions Commission was a non-departmental public body in the United Kingdom, reporting to the Secretary of State for Work and Pensions, set up to keep under review the regime for UK private pensions and long-term savings. The commission was announced in thPensions Green Paperpublished in December 2002. It consisted of three Commissioner A commissioner (commonly abbreviated as Comm'r) is, in principle, a member of a commission or an individual who has been given a commission (official charge or authority to do something). In practice, the title of commissioner has evolved to incl ...s and a small secretariat. The chair was Adair Turner, the other members were John Hills and Jeannie Drake. The Commission has now reported and been wound up. A more recent Pensions Commission was set up chaired by John Hutton. Remit The Commission was responsible for looking at how the pension system was developing over time and for making recommendations on whether the pension system shoul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pensions Act 2008
The Pensions Act 2008c 30 is an Act of the Parliament of the United Kingdom. The principal change brought about by the Act is that all workers will have to opt out of an occupational pension plan of their employer, rather than opt in. A second change is the creation of a National Employment Savings Trust, a public pension provider for those who do not have an occupational pensions, which will function as a low-fee pension scheme in competition with existing funds. Key provisions Automatic enrolment The cornerstone of the Pensions Act 2008 is the introduction of automatic enrolment. This provision requires employers to automatically enrol eligible workers into a qualifying pension scheme. The key aspects of automatic enrolment include: * Workers aged between 22 and the State Pension age, earning above a certain threshold (initially set at £5,035, later increased to £10,000), must be automatically enrolled. * Instead of choosing to join a pension scheme, workers now have to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The National Archives (United Kingdom)
The National Archives (TNA; ) is a non-ministerial government department, non-ministerial department of the Government of the United Kingdom. Its parent department is the Department for Culture, Media and Sport of the United Kingdom, United Kingdom of Great Britain and Northern Ireland. It is the official National archives, national archive of the UK Government and for England and Wales; and "guardian of some of the nation's most iconic documents, dating back more than 1,000 years." There are separate national archives for Scotland (the National Records of Scotland) and Northern Ireland (the Public Record Office of Northern Ireland). TNA was formerly four separate organisations: the Public Record Office (PRO), the Royal Commission on Historical Manuscripts, Historical Manuscripts Commission, the Office of Public Sector Information (OPSI) and Office of Public Sector Information, His Majesty's Stationery Office (HMSO). The Public Record Office still exists as a legal entity, as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pensions In The United Kingdom
Pensions in the United Kingdom, whereby United Kingdom tax payers have some of their wages deducted to save for retirement, can be categorised into three major divisions – state, occupational and personal pensions. The state pension is based on years worked, with a full 35-year work history yielding a pension of £203.85 per week. It is linked to the Consumer Prices Index (CPI) rate. Most employees are also enrolled by their employers in either defined contribution or defined benefit pensions which supplement this basic state-provided pension. It's also possible to have a Self-invested personal pension (SIPP). Historically, the "Old Age Pension" was introduced in 1909 in the United Kingdom (which included all of Ireland at that time). Following the passage of the ''Old Age Pensions Act 1908'' a pension of 5/— per week (£, equivalent, using the Consumer Price Index, to £ in ), or 7/6 per week (£, equivalent to £/week in ) for a married couple, was payable to persons with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
