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To ask the Secretary of State for Work and Pensions what proportion of pensioners in 2020 are expected to have (a) 35, (b) 30 to 35, (c) 20 to 29, (d) 10 to 19, (e) seven to nine and (f) fewer than seven qualifying years.
[160973]
To ask the Secretary of State for Work and Pensions what proportion of pensioners in 2020 are expected to have (a) 35, (b) 30 to 35, (c) 20 to 29, (d) 10 to 19, (e) seven to nine and (f) fewer than seven qualifying years.
[160973]
The Department projects that around 85% of single-tier pensioners in Great Britain in 2020 will have 35 qualifying years or more to the single-tier pension. The proportions with different ranges of qualifying years are in the following table:
| Number
of qualifying years to the basic state pension for single-tier
pensioners in
2020 | |
| Number
of qualifying years to single-tier
pension | Proportion
in 2020 (single-tier pensioners)
(percentage) |
| 0
to
6 | 1— |
| 7
to
9 | 1— |
| 10
to
19 | 5 |
| 20
to
29 | 5 |
| 30
to
34 | 5 |
| 35+ | 85 |
| 1
Represents less than 5% in this
group. Source: DWP modelling based on PENSIM2. |
I am grateful to the Secretary of State for giving way so early in his speech, which we are following with great interest. Will he clarify—he may not want to at this stage—whether he plans to table any amendments to schedule 12(14), which says that the flat-rate pension will be...
I am grateful to the Secretary of State for giving way so early in his speech, which we are following with great interest. Will he clarify—he may not want to at this stage—whether he plans to table any amendments to schedule 12(14), which says that the flat-rate pension will be...
I wanted to catch the right hon. Gentleman’s eye before he left that point. With reference to honouring the past, can he confirm to the House that going forward under the transitional arrangements, those rights that have been built up in STP will be uprated by CPI?
I wanted to catch the right hon. Gentleman’s eye before he left that point. With reference to honouring the past, can he confirm to the House that going forward under the transitional arrangements, those rights that have been built up in STP will be uprated by CPI?
It is a great pleasure to follow the Secretary of State. I shall attempt to do justice to his succinct speech. As he will know, yesterday was a very difficult day in Birmingham, and I know that the whole House will join me in sending thanks and good wishes to...
It is a great pleasure to follow the Secretary of State. I shall attempt to do justice to his succinct speech. As he will know, yesterday was a very difficult day in Birmingham, and I know that the whole House will join me in sending thanks and good wishes to...
The hon. Gentleman will be as familiar as I am with the research published by the Institute for Fiscal Studies showing that, under Labour, £11 billion more was spent than if we had pursued the policies that we inherited in 1997. We lifted gross income for pensioners by more than...
The hon. Gentleman will be as familiar as I am with the research published by the Institute for Fiscal Studies showing that, under Labour, £11 billion more was spent than if we had pursued the policies that we inherited in 1997. We lifted gross income for pensioners by more than...
We are very proud of the reforms that we set in place. They tackled the grotesque pensioner poverty that we inherited in 1997. That is not simply my conclusion; when the pensions Minister spoke in the House back in 2000, he pretty much confirmed the same line of argument and...
We are very proud of the reforms that we set in place. They tackled the grotesque pensioner poverty that we inherited in 1997. That is not simply my conclusion; when the pensions Minister spoke in the House back in 2000, he pretty much confirmed the same line of argument and...
I will leave it to the hon. Gentleman to provide his own definition of the word “huge.” He will have read chapter 4 of “The single-tier pension: a simple foundation for saving”, published by the Department for Work and Pensions, which clearly says that under the current system, the number...
I will leave it to the hon. Gentleman to provide his own definition of the word “huge.” He will have read chapter 4 of “The single-tier pension: a simple foundation for saving”, published by the Department for Work and Pensions, which clearly says that under the current system, the number...
We were ambitious and wanted to focus our resources on tackling pensioner poverty. I am reluctant to take too many lessons from the Secretary of State. The 1986 cap introduced by Lord Lawson led to a huge drop in contributions to occupational schemes. In fact, the pensions Minister himself said:
“Pensioners...
We were ambitious and wanted to focus our resources on tackling pensioner poverty. I am reluctant to take too many lessons from the Secretary of State. The 1986 cap introduced by Lord Lawson led to a huge drop in contributions to occupational schemes. In fact, the pensions Minister himself said:
“Pensioners...
I will give way in a moment. I will just flag another issue that the pensions Minister might say a word about when he intervenes.
There is an uplift to 35 years-worth of contributions being required before 100% entitlement to the flat-rate pension is enjoyed. That was not the original plan...
I will give way in a moment. I will just flag another issue that the pensions Minister might say a word about when he intervenes.
There is an uplift to 35 years-worth of contributions being required before 100% entitlement to the flat-rate pension is enjoyed. That was not the original plan...
I suspected that the pensions Minister would want to play politics with this issue. However, I hope that we can engage on it constructively in Committee.
The DWP has published estimates that show that the cost of including those women will be about £220 million a year. I say gently to...
I suspected that the pensions Minister would want to play politics with this issue. However, I hope that we can engage on it constructively in Committee.
The DWP has published estimates that show that the cost of including those women will be about £220 million a year. I say gently to...
It is hard to refute my hon. Friend’s argument. I suppose we must look at the position of those women together with the consequences of the reforms that the Secretary of State has authored to auto-enrolment—I know he will do that. One of the first decisions he took in the...
It is hard to refute my hon. Friend’s argument. I suppose we must look at the position of those women together with the consequences of the reforms that the Secretary of State has authored to auto-enrolment—I know he will do that. One of the first decisions he took in the...
I very much hope that the hon. Lady will be on the Bill Committee to ensure that such arguments are fully rehearsed. I am worried that an injustice is being perpetrated on these women, which is why it is incumbent on us all to search every possible option to help...
I very much hope that the hon. Lady will be on the Bill Committee to ensure that such arguments are fully rehearsed. I am worried that an injustice is being perpetrated on these women, which is why it is incumbent on us all to search every possible option to help...
As the hon. Gentleman will know, many of these women have already been hit by the acceleration of the state pension age at very short notice, so no—we want to search during Committee stage for ways to include these women. I know there will be many women in such a...
As the hon. Gentleman will know, many of these women have already been hit by the acceleration of the state pension age at very short notice, so no—we want to search during Committee stage for ways to include these women. I know there will be many women in such a...
No—[Interruption.] I will certainly give way to the Minister in a moment, but I want to underline one final aspect of universalism and the increases in the state pension age to which the Secretary of State referred. The Opposition will not stand in the way of proposals in the Bill...
No—[Interruption.] I will certainly give way to the Minister in a moment, but I want to underline one final aspect of universalism and the increases in the state pension age to which the Secretary of State referred. The Opposition will not stand in the way of proposals in the Bill...
The Minister is right. I was referring to the problem that the state pension age has been moved a number of times in the past three years. The Opposition believe that it is unwise of the Secretary of State to ask for the right to review the pension age every...
The Minister is right. I was referring to the problem that the state pension age has been moved a number of times in the past three years. The Opposition believe that it is unwise of the Secretary of State to ask for the right to review the pension age every...
I will move on, but I will give way in a moment.
A flat-rate pension is a good idea and its virtue should be widely enjoyed. It should be a universal system. During the passage of the Bill, the Opposition will look at how we can maximise its inclusivity and universal...
I will move on, but I will give way in a moment.
A flat-rate pension is a good idea and its virtue should be widely enjoyed. It should be a universal system. During the passage of the Bill, the Opposition will look at how we can maximise its inclusivity and universal...
The Secretary of State and I have no difference of opinion on the need regularly to review the state pension age. My point is that we have introduced a number of changes in the past three years and an environment of instability and risk has been created. The Opposition worry...
The Secretary of State and I have no difference of opinion on the need regularly to review the state pension age. My point is that we have introduced a number of changes in the past three years and an environment of instability and risk has been created. The Opposition worry...
The hon. Gentleman makes an excellent point. My chief concern in this debate on principles is for the long-term bargain to be put on a secure footing. It would be wrong to lead the self-employed up the proverbial garden path by offering a great deal, clapping everyone on the back...
The hon. Gentleman makes an excellent point. My chief concern in this debate on principles is for the long-term bargain to be put on a secure footing. It would be wrong to lead the self-employed up the proverbial garden path by offering a great deal, clapping everyone on the back...
rose—
rose—
The hon. Lady makes an important argument that I am following with great interest. The Opposition are trying to say that this is an extraordinary deal for the self-employed, who are paying half the national insurance contributions of everybody else but still enjoying 100% of the pension. The key assurance...
The hon. Lady makes an important argument that I am following with great interest. The Opposition are trying to say that this is an extraordinary deal for the self-employed, who are paying half the national insurance contributions of everybody else but still enjoying 100% of the pension. The key assurance...