State second pension

The state second pension or S2P is an additional state pension that can be paid out to individuals who have not made enough National Insurance contributions to qualify for the full state pension.

The second state pension or additional state pension used to be linked to the state earnings-related pension scheme or SERPS. If you have a company or private pension you may have elected to opt-out of the additional state pension.

If your spouse or civil partner dies you may be able to inherit some of their second state pension.

	£130k annuity pot needed to get same income as new state pension The government is set to introduce a new flat rate state pension in 2017 nad pensioners would need a £130,000 annuity pot to get the same amount of money, according to research from Prudential.
	Inflation fall means state pension increase will be 2.5% The consumer prices index fell to 2.2 per cent, a 34-month low but analysts expect inflation to rise again in the coming months via higher food, utility and fuel prices.
	State pension system is to complex and "would baffle Einstein" The Department for Work and Pensions says that the state pension system is too complex and that payments to recipients can vary by £200 a week as it sets out plans for a new white paper.
	Cameron calls for review of flat rate state pension plans David Cameron is considering changing his mind on the flat rate pension, a plan that was widely praised for abolishing means testing and simplifying the pensions system.
	Basic state pension rises to £107.45 a week The basic state pension has risen by £5.30 or 5.2 per cent to £107.45. The increase is based on the level of the consumer prices index in September 2011.