State Second Pension Financial Glossary

What is it? Known as S2P, this additional state pension is paid in addition to the basic state pension. It replaced SERPS in April 2002, and now the additional pension can by built up carers, the long-term disabled and those on low incomes as well as employees (but not the self-employed). You may get a State Second Pension, even if you do not get any basic state pension.

Finance Term Definition Added By: Brian

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