SOCIAL SECURITY BENEFITS/STATE BENEFITS
Synopsis: DWP publishes guidance on State Pension sharing from 6 April 2016.
The Department of Work and Pensions (DWP) has recently published guidance on State Pension sharing will work in the light of the new Single-tier State Pension rules being introduced from 6 April 2016.
The information is aimed at legal and financial advisers, as well as the courts that make sharing orders. The new Guidance can be found here.
In simple terms, it will no longer be possible for spouses or civil partners, where the transferor’s National Insurance (NI) records start in the new scheme, to be awarded a shared pension based on the transferor’s NI record by the courts because the new Single-tier State Pension cannot be subject to a share order. However, the Protected Payment element of the transitional rate of new State Pension for those whose NI record straddles 6 April 2016 may be shareable.
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