
The Government has confirmed plans to merge the basic and second state pensions.
It will move to a single-tier pension, based on contributions. This will be roughly £140 a week, in today's money.
The basic state pension is currently £102.15 a week. The second state pension is hugely complicated and depends on the amount of national insurance you've paid.
No timetable was given for this new pension system, though it's likely to be years away.
The Chancellor announced that next month the basic state pension for a single person will rise by £5.30 a week to £107.45, as expected.
Have your say
This is an open discussion but the comments do not represent the views of MSE. We want everyone to enjoy using our site but spam, bullying and offensive comments will not be tolerated. Posts may be deleted and repeat offenders blocked at our discretion. Please contact fbteam@moneysavingexpert.com if you wish to report any comments.