The Pensions Minister has unveiled a communications drive to broaden the public’s understanding of the state pension to be introduced next April. Under the tagline 'Our State Pension is Changing' the campaign is aimed at helping people to find out how the changes to state pension benefits will affect them, based on their own National Insurance (NI) record.
Baroness Ros Altmann said: "Huge efforts have been put into reforming the mind-blowingly complicated State Pension system that exists today into something that, over time, will be clearer and fairer for everybody. But the job of explaining to people how the reforms will affect them hasn't been done well enough. People need to understand, so they can make the right decisions about saving and preparing for later life. One of my first actions on becoming Pensions Minister was to identify this priority, and I'm very pleased to now be launching this major campaign."
Anyone aged 55 or over can apply for a personalised state pension statement that will give them an estimate of what they will receive under the new system. This will be based on their work history and (NI) contributions to date. The statements also give additional information about how people may be able to improve their State Pension before they reach State Pension age.
For more information go to www.gov.uk/state-pension-statement or call the Future Pension Centre on 0345 3000 168.