25 October 2010
It is being reported that Iain Duncan Smith, the Work and
Pensions secretary and Steve Webb, the Pensions Minister are
drawing up plans in a Green Paper to increase the state pension to
around £140 per week but that means tested top ups will
end.
Currently the full basic state pension is £97.65 per week
for the single person entitlement and £156.15 per week for a
married couple, unless the couple's individual state pensions are
higher.
Pension Credit is available to those on low incomes. For further
information click here
A spokesman for the Department for Work and Pensions said:
"The chancellor has confirmed that the government will improve
the quality and accessibility of pensions in the spending review
period,"
"We will be bringing forward proposals for reform in a green
paper later this year. Our aim will be a simple, decent state
pension for future pensioners, which is easy to understand,
efficient to deliver and affordable."
The Green Paper is expected to be published before the end of
the year.
