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The earliest age at which women can receive a state pension in the UK (the "state pension age") has been increasing since 2010. We use a difference-in-differences methodology, exploiting the gradual increase from age 60 in 2010 to age 63 in 2016, to estimate the impact of the reform on women's...
Persistent link: https://www.econbiz.de/10011718811
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This report makes the case for a new review of the pension system in the UK. There are a number of key challenges facing future generations of pensioners that threaten their living standards in retirement and which, without policy action, mean many are likely to face substantial financial...
Persistent link: https://www.econbiz.de/10014251503
How should pensions be taxed? We propose income tax and National Insurance reforms that would more evenly support … pension saving. Pensions are the biggest component of household wealth and are treated favourably by the tax system. That … means getting pensions tax design right matters. It matters for people's well-being in retirement, especially if it can …
Persistent link: https://www.econbiz.de/10013549061
The reason why both earnings growth and inflation matter for the state pension is the pensions 'triple lock'. In place …
Persistent link: https://www.econbiz.de/10014343049
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(at any age) are not subject to inheritance tax. This results in the bizarre situation where pensions are treated more … incentive, for those who can, to use non-pension assets to fund their retirement while preserving their pensions for bequests …
Persistent link: https://www.econbiz.de/10013466441
-employed workers have private pensions from previous employment, save in other forms of wealth, or are married to or cohabiting with …
Persistent link: https://www.econbiz.de/10015062821
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In 1995, the UK government legislated to increase the earliest age at which women could claim a state pension from 60 to 65 between April 2010 and March 2020. This paper uses data from the first two years of this change coming into effect to estimate the impact of increasing the state pension...
Persistent link: https://www.econbiz.de/10009713947