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Lib Dems increasing State Pension to £144 per week

by Steve Beasant on 30 September, 2014

The Lib Dems are increasing the State Pension from £107 to £144 per week.

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We are doing this by introducing a ‘Single Tier Pension’, which the Liberal Democrats have created to make the system simpler and fairer.

The Single Tier pension will replace the complicated system of basic pensions and additional top-ups which meant some people were worse off if they saved money for retirement.

Under the new system, it will always be clear that saving more pays. People know what to expect from the Government and can plan their own savings accordingly.

The new system will also benefit women and carers, who will be fully recognised for the years bringing up a family or caring for someone.

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