Review of Basic Pension Reform: Differential Payments and Reduction of Beneficiaries
The South Korean government and ruling party are considering reforms to the basic pension system, including differential payments for low-income seniors and potential reductions in the number of beneficiaries.
Harsh setback for retirees – Do you belong to this group?
Finland's pension security agency has announced that partial early retirement pensions will now be considered income for the new basic income support starting in May, significantly impacting some retirees' finances.
New Basic Security: This Reform Does Not Compensate for the Expensive Pension Package
The 'New Basic Security' reform is unlikely to cause harm, but it fails to address significant shortcomings after a troubled season of reforms.
New Basic Security: This Reform Does Not Compensate for the Expensive Pension Package
The 'New Basic Security' reform, following a failed 'Autumn of Reforms', is unlikely to cause additional harm but leaves apparent deficiencies unaddressed.
HMRC sets out key details of tax change for state pensioners
HMRC has announced significant changes to the taxation of state pensioners, ensuring that those relying solely on the basic or new State Pension will not pay small amounts of tax starting from 2027-28.
Why a pensioner has 58 euros of his basic income deducted
A 75-year-old pensioner from Altona collected bottles to supplement his small pension, but the city deducted every euro earned, leading to a political debate as the SPD and Greens call for a reevaluation of the administration's approach.
Antoine's strategy at 59 to prepare for retirement: 'I could receive 70% more than my basic pension'
Antoine, a 59-year-old executive, shares his strategy for preparing for retirement, revealing that he could potentially receive 70% more than his basic pension due to proactive planning.
How will pensions look in 2026? The minimum and maximum amounts and the new computation period
Starting in 2026, the government has approved a general pension increase of 2.7%, with lower pensions rising between 7% and 11.4% to offset basic price hikes.