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Written question asked by Tom Hunt (Conservative) on Wednesday, 24 April 2024, in the House of Commons. It was due for an answer on Monday, 29 April 2024 (named day). It was answered by Paul Maynard (Conservative) on Monday, 29 April 2024 on behalf of the Department for Work and Pensions.


State Retirement Pensions: National Insurance Contributions

Question

To ask the Secretary of State for Work and Pensions, if he will make an assessment of the potential impact of the rules on the level of National Insurance contributions that are required to receive the full State Pension on people who contracted out.

Answer

In January 2016, the Department published an impact assessment titled “Impact of New State Pension (nSP) on an Individual’s Pension Entitlement – Longer Term Effects of nSP”. This included an assessment of the impact that contracting out could have on an individual’s ability to achieve the full rate of the new State Pension.


Secondary information

Type
Written question
Reference
23598
Session
2023-24
Subjects
National insurance contributions State retirement pensions
Link
View this Written question on www.parliament.uk