The Flat-Rate Pension Scheme and Your Business – are You Ready for It?

It looks like the UK pension is about to get a real shake-up. There are plans for a new, flat-rate pension to make an appearance by April 2017 that could be beneficial to anybody retiring after that date. What’s changing? At present, the full state pension comes in at £107.45 a week, but with pension credit it can be increase to £142.70. Under the new flat-rate pension proposal, the pension payment will be £144. There will also be inflation rises applied on top of that sum.…