State pension forecast meaning

In this issue: Probate Court of Protection UK taxes for Private Client HMRC Manuals updates Tax avoidance, evasion and non-compliance Budget and Finance Bills Charity and philanthropy Contentious trusts and estates Pensions, insurance and tax‑efficient investments International Question of the week Additional Private Client updates this week Daily and weekly news alerts LexTalk®Private Client: a Lexis®PSL community New and updated content Dates for your diary Trackers Latest Q&As Useful information Probate HMCTS probate enquiry line—temporary reduced hours As highlighted in Private Client weekly highlights—8 February 2024—Probate, HMCTS’s probate enquiry phone service will operate on shortened hours of 9 am to 1 pm, Monday to Friday, for 12 weeks from 14 February 2024. The HMCTS Probate Service will, however, continue to be available via web‑chat from 9 am to 5 pm, Monday to Friday. See: HMCTS: Applying for probate...

In this issue: Probate Court of Protection UK taxes for Private Client HMRC Manuals updates Tax avoidance, evasion and non-compliance Budgets and Finance Bills Contentious trusts and estates Pensions, insurance and tax efficient investments International Question of the week Additional Private Client updates this week Daily and weekly news alerts LexTalk®Private Client: a Lexis®PSL community New and updated content Dates for your diary Trackers Latest Q&A Useful information Probate Law Society responds to HoC Justice Committee’s probate inquiry The Law Society of England and Wales has submitted evidence to the House of Commons (HoC) Justice Committee on the probate service’s performance. Since 2018, practitioners have experienced ongoing, serious difficulties, with current reports indicating waits of over 30 weeks and, in some cases, more than a year. Consistent feedback also highlights the repercussions of these delays, challenges with the launch and operation of the probate portal,...

In this issue: Spring Statement Taxation Retirement options Funding Scheme governance Daily and weekly news alerts Dates for your diary Trackers Spring Statement Spring Forecast 2026—No key pensions announcements The government’s Spring Forecast 2026 on 3 March 2026 featured no new pensions announcements. However, the Office for Budget Responsibility’s Economic and Fiscal Outlook, issued alongside the Chancellor’s statement, sets out the fiscal impact of earlier changes to the triple lock, the State pension age and inheritance tax. It also references the surplus within unfunded public service pension schemes. At the same time, HM Treasury’s Debt Management Report 2026–27, published with the Spring Forecast 2026, confirmed that intended issuance of index-linked and long-dated conventional gilts has been reduced owing to diminished demand from pension schemes. For more detail, see Spring Forecast 2026 speech, Economic and Fiscal Outlook March 2026, Debt Management Report 2026–27 and LNB News 03/03/2026 37...

This Practice Note outlines the varieties of state pension, the eligibility rules, the ramifications in divorce, dissolution, nullity or separation cases, how to obtain information and make disclosure, and the orders a family court may impose. It takes account of state pension reforms and explains their impact within family law. This Practice Note provides guidance on: the old state pension scheme for those who reached state pension age before 6 April 2016, and the new state pension scheme for those reaching state pension age on or after 6 April 2016 State pension entitlements are often missed on divorce, dissolution, nullity or (judicial) separation, either because they are seen as of limited worth or because their structure and the options available to address the parties’ financial needs are not fully understood. Comprehensive details of state pension rights should be gathered during financial disclosure by using Form BR19 (to request a state pension forecast) and Form BR20 (to obtain a cash equivalent (CE)...