#pension-reform

#pension-reform

At the moment the chancellor gives away more than 50bn in tax relief for pension saving, most of which goes to wealthier boomers and better-paid gen Xers who do not need the money and would save anyway if state support was more limited. A remodelling of pension subsidies cutting the 40p higher rate to a flat rate of 25p for all savers could claw back 10bn to 20bn in extra income tax and national insurance payments, depending on how the new regime is constructed.

On Sunday anti-AfD demonstrators marched in 60 localities across Germany, following a call by the 'Together against the Right' group. In Berlin 3,000 protesters gathered in front of the famed Brandenburg gate, according to the police. Organisers put the turnout at 7,000. 'Together against fascism,' they chanted. 'AfD is not a normal party and should not be treated as such,' the organiser group said on its website.

The legislation capped benefits, increased retirement ages, and required workers to pay for at least half of pension costs, marking a significant restructuring of pension systems.

The underlying issue affecting our recruitment and retention is the Tier 6 Reform, which drastically reduced pension benefits, leading to a decline in potential court officer recruits.