The current basic pension is £97.65 per week.
it depends on the basic salary of that person which he was getting at the time of employement
The current basic pension is £97.65 per week.
The basic state pension is currently £102.15 per week.
Current figures list the rate as 230.85 per week for each couple. However - there are changes to the pension system in the pipeline which will affect everyone who retires from now on.
£102.15 per week from April 2011. The rate is the same as a person just reaching retirement age.
i think its 70 pound a week :P
Retiring in England can be a an expensive proposition. A minimum of 20,000 pounds per year is needed for the essentials of housing, food, and other necessities.
The UK Pension is divided into seven major categories. The following categories represent the seven: Basic State, Occupational Pensions, State Second Pensions, Stakeholder Pensions, Personal or Individual Pensions, and Group Personal Pensions. In the UK, the state provides a basic pension that is designed to prevent poverty during old age. Men must be over the age of 65 and women must be over the age of 60 to get this UK pension. The goal is to equalize the pension age, and the government plans to have the age equal by the year 2020. The Old Age Pension was first introduced in 1909. The initial payment was 5 shillings per week. The Old Age Pensions Act 1908 stated that the qualifying age for this UK pension was 70. There is an extra state pension available to those paying National Insurance, and other qualifying groups in the UK. Furthermore, participation in the Additional Pension Scheme is voluntary; this differs from the Basic Pension that is mandatory for all that work in the UK. Those that do not wish to participate can opt out of this program. The Occupational Pension Schemes in the UK are provided specifically to employees by their employers. Traditionally, this pension plan was popular; however, the number of employers that participate in this UK pension scheme has decreased. Employers have closed most of their Occupational Pension Schemes to new employees. As a result, they offer a plan called money purchase or defined contribution arrangements. The Occupational Pension pays into a specified fund, and the fund is then used to purchase the UK pension. The pension amount is determined by the value of the fund at the time of retirement. In addition, the health of the annuity also makes a difference in the pension amount received. The Occupational Pension Schemes are traditionally jointly funded by both the employer and the employee. The employee can contribute up to 6% of their salary tax free. In the UK a non contributory pension scheme is when the employer funds the pension without any contribution from the employee. These contributions by the employer are put into a separate trust account to fund retirement when needed. Most UK pension plans grow tax free. The beneficiary does not have to worry about taxes.
Yes, generally speaking, but each state has different regulations concerning pensions versus unemployment. Usually, on a week to week basis, they would offset unemployment benefits by some amount of the weekly portion of the pension.
£140 per week
It depends on what State you live in.
It depends on the state and type of facility you work in.
Massachusetts; $939.00/Week