Review Additional Pension Schemes

Additional pensions

The additional state pension is provided by the government and will give you extra money on top of your basic state pension.

The additional state pension is restricted to employees who earn above a lower earnings limit (£5,304) and are not contracted out of this state scheme, and for people who are not earning because they are caring for either young children or sick people. It is also available for those who are sick or disabled.

The additional state pension has been called different names in the past. Previously, you received additional state pension through the State Earnings Related Pension Scheme, SERPS. The amount of SERPS pension you received was based on your National Insurance contributions and how much you earned.

In April 2002, it was changed to the State Second Pension which is more generous for low and moderate earners, as well as certain carers and people with a long-term illness or disability. However, any additional State Pension earned through SERPS is protected.

If you are eligible for additional state pension you should receive it when you claim your basic state pension.

Pensions

Additional pensions

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