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About: Pensions in the United Kingdom     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatFinancialServices, within Data Space : dbpedia.org associated with source document(s)

Type: Thingyago:WikicatUnitedKingdomPensionsAndBenefitsyago:WikicatPensionsInTheUnitedKingdomyago:Abstraction100002137yago:Act100030358yago:Activity100407535yago:Cost113275847yago:Event100029378yago:Outgo113275288yago:Payment113278375yago:Pension113384164yago:Possession100032613yago:PsychologicalFeature100023100yago:RegularPayment113281275yago:Relation100031921yago:Work100575741yago:YagoPermanentlyLocatedEntityyago:Service100577525yago:TransferredProperty113252973yago:WikicatFinancialServices New Facet based on Instances of this Class

Pensions in the United Kingdom, whereby United Kingdom tax payers have some of their wages deducted to save for retirement, can be categorised into three major divisions - state, occupational and personal pensions. The state pension is based on years worked, with a 35-year work history yielding a pension of £185.15 per week. It is linked to wage and price increases. Most employees and the self-employed are also enrolled in employer-subsidised and tax-efficient occupational and personal pensions which supplement this basic state-provided pension.