Stake your claim to a secure future

Article Abstract:

It is widely recognized in the UK that the existing pensions system must be amended. For this reason, the government has announced plans for a new system of stakeholder pensions. Under the new system, single pensioners will receive Minimum Income Guarantees of 75 pounds sterling a week, while couples will receive 119 pounds sterling a week. The State Earnings-Related Pension Scheme will be closed to new entrants, while a new State Second Pension will be introduced. The government hopes to encourage those earning more than 9,000 pounds sterling a year to use private pension providers.

United Kingdom, Government domestic functions, Pension, health, and welfare funds, Pension Funds & Benefit Plans, Pension Funds, Retirement Benefits, Planning

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New Deal provides 4bn pounds sterling package to get jobless off the dole

Article Abstract:

The UK government's Green Budget includes plans to invest 4 billion pounds sterling in assisting the unemployed in returning to work. Measures will include the introduction of a working families tax credit, training grants for businesses involved in recruiting and training unemployed people and cheaper travel for young people. Projects to assist the disabled in finding employment will begin in spring 1998. Other Green Budget measures include tackling tax avoidance and establishing Individual Savings Accounts.

Administration of General Economic Programs, Job Programs NEC, Analysis, Employment, Budget, Budgeting, Budgets, Job creation

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Lilley the radical guesses 40 years ahead

Article Abstract:

The current burden of taxpayers of payments to pensioners will be greatly relieved by privatising the basic state pension and abandoning the earnings-related scheme, according to Peter Lilley, UK secretary of state for social security. Under the new Basic Pension Plus plan, young people would receive 9 pounds sterling a week towards a personal pension as soon as they begin work. In the long term, this will save up to 40 billion pounds sterling in public spending by 2040.

Finance, Pensions

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