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Managing my money
Managing my money

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7.1.3 Understanding the new flat-rate pension

From April 2016 there’ll be a single flat-rate state pension.

How much is this worth? How many years of National Insurance contributions do you need to receive it? What happens if you haven’t paid enough in contributions?

Work through the sums in this video and see what’s likely to be the overall effect on people’s saving habits.

Download this video clip.Video player: ou_futurelearn_money_vid_1059.mp4
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