State Pension changes April 2016

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Phrase of the week

Discover more about the new State Pension with our daily glossary of common words and phrases.

Week starting Monday 23 May 2016

Qualifying year

A complete tax year during a person’s working life in which they paid, were treated as having paid or were credited with National Insurance contributions on earnings above the weekly ‘Lower Earnings Limit’ (£112 a week in 2016 to 2017).

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