Pensions Act 2014
| Act of Parliament | |
| Long title | An Act to make provision about pensions and about benefits payable to people in connection with bereavement; and for connected purposes. |
|---|---|
| Citation | 2014 c. 19 |
| Introduced by | Iain Duncan Smith MP, Secretary of State for Work and Pensions (Commons) Lord Freud (Lords) |
| Territorial extent | England and Wales, Scotland (whole Act); Northern Ireland (Part 7 only) |
| Dates | |
| Royal assent | 14 May 2014 |
| Other legislation | |
| Amends | Pensions Act 1995 |
Status: Current legislation | |
| Text of statute as originally enacted | |
| Text of the Pensions Act 2014 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk. | |
The Pensions Act 2014 is an Act of the Parliament of the United Kingdom that received Royal Assent on 14 May 2014.[1]
Provisions
It establishes a new state pension scheme for people who attain state pension age on or after 6 April 2016.[2] The act requires that the pension age be reviewed in every term.[3]
Consequences
Due to the changes made by the act, women received slightly more money than before, and men received slightly less money.[4]
References
- ^ "Pensions Act 2014 — UK Parliament". Services.parliament.uk. 14 May 2014. Retrieved 9 March 2015.
- ^ "Pensions Act 2014". Legislation.gov.uk. 19 January 2015. Retrieved 9 March 2015.
- ^ "Business Live: US shares push higher". BBC News. 1 March 2016. p. 2. Retrieved 17 February 2026.
- ^ Wood, Zoe (18 May 2024). "UK state pensions: are older retirees getting a bad deal?". The Guardian. Retrieved 17 February 2026.