Join LinkedIn to get the latest news, insights, and opportunities from over 3 million companies. Ganesh Machinery was established in March of 1985, as a 1,200 sq. ft. family business. In just three short years, the company developed into a 4,000 sq. ft. warehouse, and the growth didn't stop there.
If you die, your spouse or civil partner may be able to inherit some of this additional state pension. To see how much additional State Pension can be inherited, go to www.gov.uk/additional-state-pension/further-information. They can also inherit some additional State Pension from their deceased spouse or civil partner as under the present system. 2  When both partners reach State Pension age after the New State Pension starts in April 2016, a surviving spouse or civil partner will be able to inherit 50% of any protected payment that exists.
The current state pension of Â£113.10 is paid to everyone who has 30 yearsâ National Insurance contributions. On top of this, workers can earn extra benefits, called the State Second Pension (which used to be called the State Earnings Related Pension, or Serps), which boosts their payout in retirement.ow the Government has decided that because they paid lower contributions, these workers should lose some of their new state pension. Malcolm McLean, a consultant from actuaries Barnett Waddingham, warns: âThe new flat-rate pension is not a more generous scheme than the current state pension.