A recent report from the Government Actuary's Department suggested that National Insurance contributions would need to rise significantly to cover the increased cost of state pensions. This would be unfair - in essence, it would mean taxing a generation...
Many of our welfare benefits are means tested, you're able to claim them only when your income and capital (your means) fall below a certain limit. This financial test aims to ensure that public funds are given to those who need it most and it's been argued that the...
An actuarial professor has advocated means testing as a a way of keeping the state pension age at 65 for both men and women. In 'Surfing the Tsunami: A plan for state pension reform', Paul Sweeting, Professor of Actuarial Science at Kent University, said this could be...
Means testing of the UK state pension for better-off pensioners will be necessary to keep the pension affordable for future generations and fair for the poor, according to a study. Analysis from the University of Kent suggested state pension payments should be limited...
