2019 – Changes to the State Pension

2019 – Changes to the State Pension

The Daily Express reports on the four ways your state pension is changing in 2019.  These are as follows:

“Auto-enrolment rates increase

The amount of money you and your employer put towards your workplace pension through auto-enrolment has increased from five percent to eight percent - of which three percent must be paid by the employer...

Pension lifetime allowance rises

The pension lifetime allowance has increased from £1.03million to £1.055m...

State pension rates go up

This year, retirees will receive extra money as the state pension gets a boost in the 2019/20 tax year.  The state pension has risen by approximately £4.25 a week or £220 a year from April 6...

Pension credit rates increase

The pension credit is a means-tested benefit for pensioners and is based on their earnings.” Read the full article 

shadow

About Us

We are a firm of highly experienced independent financial advisers based in Leamington Spa. Our core values are simple - integrity and professionalism - and have seen our business grow mainly through customer referrals and reputation.

Latest News

Get in Touch

Beaufort Wealth Management Ltd,
7B Tournament Court,
Tournament Field
Warwick,
Warwickshire,
CV34 6LG
01926 460156

Beaufort Wealth Management Limited is an appointed representative of The Tavistock Partnership Ltd, which is authorised and regulated by the Financial Conduct Authority. FCA No: 469862. Decisions should not be taken based solely on the content of the website and individual advice should be sought first. Regulations, levels and bases of taxation are subject to change and individual circumstances. The information contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. No responsibility is accepted for the accuracy or content of external websites.

Content