Clause 1 of this Bill would cap compensation payable under the Civil Service Compensation Scheme at a maximum of 12 months’ pay for compulsory redundancy and 15 months’ pay for voluntary exits. Clause 2 provides for clause 1 to expire after 12 months unless repealed, extended or revived using order-making powers. The Conservative-Liberal Democrat Coalition Government invited the civil service unions to negotiate a “sustainable and practical and practical long-term successor scheme”. On 7 October, the Government announced that it had concluded its negotiations with five of the six unions on a new scheme.
Superannuation Bill: Committee Stage Report (376 KB , PDF)
Clause 1 of this Bill would cap compensation payable under the Civil Service Compensation Scheme at a maximum of 12 months’ pay for compulsory redundancy and 15 months’ pay for voluntary exits. Clause 2 provides for clause 1 to expire after 12 months unless repealed, extended or revived using order-making powers. The Conservative-Liberal Democrat Coalition Government invited the civil service unions to negotiate a “sustainable and practical and practical long-term successor scheme”. On 7 October, the Government announced that it had concluded its negotiations with five of the six unions on a new scheme.
Superannuation Bill: Committee Stage Report (376 KB , PDF)
Collective defined contribution (CDC) schemes are a new type of pension scheme in the UK. Sometimes also referred to as Collective Money Purchase Schemes, CDCs were introduced by the Pension Schemes Act 2021.
This briefing gives an overview of pensions taxation in the UK.
Looks at changes in the rules about remarriage and cohabitation for war widows and widowers' pensions