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.
1 The second state pension is set to be abolished in 2016, when a new flat-rate pension will replace both the basic state pension and the second state pension. 2  However, if you've built up second state pension contributions, you'll still be entitled to some of the benefit.etirement age hit on or AFTER 6 April 2010 (but before April 2016): If you have at least one qualifying year, you'll get a thirtieth of the full amount for each qualifying year. Therefore, if you've eighteen qualifying years you'll get 18/30th (three fifths) of the FULL state pension.