A detailed exploration of SERPS, the State Earnings-Related Pension Scheme, its history, key events, and its importance in the context of retirement planning.
The State Earnings Related Pension Scheme (SERPS), also known as the State Second Pension (S2P), is a government program in the UK designed to provide additional pension income based on an individual's earnings over their working life.
Detailed overview of the State Earnings-Related Pension Scheme (SERPS), its historical context, functionality, key events, importance, and ongoing impact on pensions in the UK.
The State Second Pension (S2P) is a UK government pension scheme that replaced SERPS in 2002, offering increased benefits for low earners and individuals with interrupted work records.
