Pensions Act 2014
E510407
The Pensions Act 2014 is a UK law that overhauled the state pension system, introducing a new single-tier state pension and related reforms to simplify and modernize retirement provision.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Pensions Act 2014 canonical | 1 |
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
Act of Parliament of the United Kingdom
ⓘ
United Kingdom statute ⓘ |
| administeredBy | Department for Work and Pensions NERFINISHED ⓘ |
| affects |
National Insurance contribution rules for state pension purposes
ⓘ
employers operating defined benefit pension schemes ⓘ future UK state pension claimants ⓘ |
| appliesTo |
England
NERFINISHED
ⓘ
Great Britain NERFINISHED ⓘ Scotland NERFINISHED ⓘ Wales NERFINISHED ⓘ |
| citation | 2014 c. 19 ⓘ |
| country | United Kingdom ⓘ |
| creates | new State Pension (single-tier state pension) ⓘ |
| doesNotPrimarilyApplyTo | Northern Ireland NERFINISHED ⓘ |
| introducedBy | UK Government NERFINISHED ⓘ |
| introduces | single-tier flat-rate state pension for future pensioners ⓘ |
| jurisdiction | United Kingdom ⓘ |
| keyFeature |
abolition of contracting-out for defined benefit pension schemes
ⓘ
changes to state pension age timetable ⓘ framework for regular reviews of state pension age ⓘ introduction of Bereavement Support Payment ⓘ introduction of a new state pension based on qualifying years of National Insurance contributions ⓘ provisions on automatic enrolment compliance and enforcement ⓘ provisions relating to pension schemes governance and regulation ⓘ reform of bereavement benefits ⓘ transitional arrangements for people with existing state pension rights ⓘ |
| language | English ⓘ |
| legalStatus | in force ⓘ |
| legislature | Parliament of the United Kingdom NERFINISHED ⓘ |
| longTitle | An Act to make provision about pensions and about benefits payable to people in connection with bereavement; and for connected purposes. ⓘ |
| objective |
to make the state pension system simpler and easier to understand
ⓘ
to support sustainability of public finances in relation to pensions ⓘ |
| policyArea |
pensions
ⓘ
retirement provision ⓘ social security ⓘ |
| primaryPurpose |
introduction of a single-tier state pension
ⓘ
reform of state pension age and related rules ⓘ reform of the UK state pension system ⓘ simplification of state pension entitlements ⓘ |
| reforms |
State Second Pension
NERFINISHED
ⓘ
basic State Pension ⓘ |
| relatedTo |
Pensions Act 2004
NERFINISHED
ⓘ
Pensions Act 2008 NERFINISHED ⓘ Welfare Reform Act 2012 NERFINISHED ⓘ |
| replaces | two-tier state pension system ⓘ |
| royalAssentDate | 2014-05-14 ⓘ |
| subjectOf | UK pensions reform debate in early 2010s ⓘ |
| typeOfReform | structural reform of state pension system ⓘ |
| yearEnacted | 2014 ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.