Tag: New State Pension (NSP)
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New State Pension: Unfair Treatment for Older Pensioners
On April 6, 2016, the UK government introduced the New State Pension (NSP), a significant reform aimed at overhauling the existing state pension system. The NSP was designed to replace the basic State Pension and the Additional State Pension with a simplified, flat-rate pension scheme for those reaching the State Pension age from this date…