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Explainer: How exactly will the Government’s new deferred pension option work?

People will get a higher pension the longer they defer taking it, but how the scheme will be paid for remains unclear

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THE Government is introducing a new pension scheme to incentivise people to work beyond the current retirement age of 66.

The move is aimed at ending the political stalemate over increasing the pension age to 67. But what exactly does it mean?

Q: What is proposed?


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