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Why has my Pension Credit gone down?
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When MIG was replaced with a fairer system that did not reduce pound for pound then the situation changed and it encouraged people to save for retirement again.
Still today, you come across people who think doing nothing for retirement is the right thing as they are thinking back to the old MIG days and havent realised that they are wrong thinking that.
Although they are only temporarily wrong as savings pension credit is to be abolished in April, taking us back to the all or nothing scenario.0
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