State Pension: Difference between revisions
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imported>Doug Williamson (Tidy up.) |
imported>Doug Williamson (Clarify that definition 1 is in general terms.) |
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''Pensions.'' | ''Pensions.'' | ||
1. | 1. In general terms, a regular income paid by a government to those people who have reached the required state pension age. | ||
Revision as of 21:19, 2 March 2016
Pensions.
1. In general terms, a regular income paid by a government to those people who have reached the required state pension age.
2. More specifically, the UK Government's State Pension scheme which replaces the Basic State Pension. The amount received is determined by the amount of National Insurance Contributions paid by the person.
