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GLOSSARY

State pension credit definition

Published by a LexisNexis Pensions expert

What does State pension credit mean?

The third pillar of state pensions; it comprises both the guarantee credit and the savings credit.

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Pension sharing orders

This Practice Note explains what a pension sharing order is within family proceedings and sets out which pension rights can be shared and which cannot. It also sets out the key features of a pension sharing order including pension credits and pension debits, variation issues, tax consequences and the approach to overseas pensions. For practical guidance on pensions generally, see Practice Note: General principles—pensions in family proceedings.Pension sharing is the method by which rights in a (shareable) pension arrangement can be divided between the parties on divorce, nullity or dissolution. It is not a financial provision or property adjustment order. It is therefore not included in the list of financial orders that cannot be applied for in the event the applicant has remarried or formed a subsequent civil partnership, even if no application had been made beforehand. It is only available via a court order.The person with pension benefit rights (the member-party) loses a percentage of the cash equivalent (CE) (sometimes referred to as the cash equivalent of benefits where...

Increasing pensions in payment

FORTHCOMING DEVELOPMENT: Section 10 of the Finance Act 2022 will increase the normal minimum pension age (NMPA) from 55 to 57 on 6 April 2028 (save for members of the firefighters, police and armed forces public service pension schemes).The Finance Act 2022 will also give members of registered pension schemes a right to take their benefits before age 57, if on or before 4 November 2021 they either had an ‘unqualified right’ to take benefits or were in the process of a substantive transfer to a scheme offering an unqualified right to a protected pension age of less than 57 on or before 4 November 2021. To benefit from this new 2028 protection, the rules of the pension scheme must have included (on 11 February 2021) an unqualified right to take the entitlement to scheme benefits before age 57.For further information, see Practice Note: Increasing the normal minimum pension age (NMPA) to 57—pensions impact.THIS PRACTICE NOTE APPLIES TO ALL OCCUPATIONAL PENSION SCHEMESStatutory requirement to increase pensions in paymentSince 6 April...

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Local Government weekly highlights—10 July 2025

This week's edition of Local Government weekly highlights includes: case analysis of Re E (Section 37 Direction) on the scope of the court's powers under section 37(1) of the Children Act 1989 to direct an LA to carry out an investigation into a child’s circumstances and the consequential power to make interim public law orders under section 38(1)(b). Case reports include R (AA) v Waltham Forest LBC, in which the court ruled on an application for judicial review of a HNAPHP prepared by the LA for alleged failures to fulfill duties under section 189A of the Housing Act 1996; Triathlon Homes LLP v Stratford Village Development Partnership (SSHCLG intervening), in which the court dismissed an appeal finding it just and equitable to make RCOs which can be made in respect of costs incurred before Building Safety Act 2022 came into force; Rose (Mill Road Bridge 2) v Cambridgeshire CC, in which the court considered a judicial review application concerning the validity of a council-ordered traffic regulation; and R (John Morley)...

Immigration weekly highlights—1 September 2022

Welcome to the 1 September 2022 highlights from the Immigration team, which provides links to key news stories from the last week, as well as a round-up of new and updated content in Immigration.

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