A single-tier pension: what does it mean for individuals?

This research looks at what the planned single-tier pension really means for individuals. The government has proposed replacing the current state pension rules with a new single-tier scheme for people reaching state pension age from April 2016.

In a bid to make planning for retirement less complicated, the new scheme would pay a flat rate to anyone who has made qualifying National Insurance contributions for 35 years and a pro-rata payment for anyone who has not.

The analysis by the Institute for Fiscal Studies (IFS) looks at what impact these changes would have on different generations of people.

This external report for the Joseph Rowntree Foundation is related to IFS research carried out in July 2013 entitled A single-tier pension: what does it really mean?