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1242053
star this property registered interest false more like this
star this property date less than 2020-10-09more like thismore than 2020-10-09
star this property answering body
Department for Work and Pensions more like this
star this property answering dept id 29 more like this
star this property answering dept short name Work and Pensions more like this
star this property answering dept sort name Work and Pensions more like this
star this property hansard heading Pension Credit more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Work and Pensions, how many pension credit claims there have been since the announcement on introducing means-testing for free TV licences for people aged over 75. more like this
star this property tabling member constituency Glasgow North East more like this
star this property tabling member printed
Anne McLaughlin more like this
star this property uin 101291 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2020-10-14more like thismore than 2020-10-14
star this property answer text <p>The total number of Pension Credit Claims made since introduction of means testing for free TV licences for people aged over 75 from 1<sup>st</sup> August 2020 is 29,919.</p><p> </p><p><em>Extract taken from Weekly Pensions Performance Report on 28<sup>th</sup> September 2020</em></p><p><em>Source: Weekly Data from CAM (Customer Account Manager)</em></p> more like this
star this property answering member constituency Hexham remove filter
unstar this property answering member printed Guy Opperman more like this
star this property question first answered
remove maximum value filtermore like thismore than 2020-10-14T16:45:59.713Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
star this property tabling member
4437
star this property label Biography information for Anne McLaughlin more like this
1242054
star this property registered interest false more like this
star this property date less than 2020-10-09more like thismore than 2020-10-09
star this property answering body
Department for Work and Pensions more like this
star this property answering dept id 29 more like this
star this property answering dept short name Work and Pensions more like this
star this property answering dept sort name Work and Pensions more like this
star this property hansard heading Pension Credit more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Work and Pensions, what steps Department is taking to maximise uptake of pension credit. more like this
star this property tabling member constituency Glasgow North East more like this
star this property tabling member printed
Anne McLaughlin more like this
star this property uin 101292 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2020-10-14more like thismore than 2020-10-14
star this property answer text <p>While over 1.5 million pensioners currently receive Pension Credit, the Government wants to make sure that all pensioners eligible can claim the Pension Credit to which they are rightly entitled. That is why in February this year we launched a nationwide campaign to raise awareness of Pension Credit and help dispel some of the misconceptions that people might have about Pension Credit eligibility.</p><p> </p><p>We are also continuing to work with our stakeholders all across the UK, to help spread the key messages from the campaign because we know that often the best ways to reach eligible pensioners is through trusted stakeholders working in the local community. Our online Pension Credit toolkit (<a href="https://www.gov.uk/government/publications/pension-credit-toolkit" target="_blank">https://www.gov.uk/government/publications/pension-credit-toolkit</a>) has been updated with the recent awareness campaign materials to supplement the resources it already contains for those working with pensioners, such as guides to Pension Credit and information designed to help older people understand how they could get Pension Credit.</p><p><strong> </strong></p><p>In May this year we also launched an online claim service for Pension Credit to supplement the existing telephone and postal claim services (<a href="https://www.gov.uk/pension-credit" target="_blank">https://www.gov.uk/pension-credit</a>). The new online service enables pensioners to apply for Pension Credit at a time that suits them.</p>
star this property answering member constituency Hexham remove filter
unstar this property answering member printed Guy Opperman more like this
star this property question first answered
less than 2020-10-14T16:40:12.113Zmore like thismore than 2020-10-14T16:40:12.113Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
star this property tabling member
4437
star this property label Biography information for Anne McLaughlin more like this
1175000
star this property registered interest false more like this
star this property date less than 2020-01-30more like thismore than 2020-01-30
star this property answering body
Department for Work and Pensions more like this
star this property answering dept id 29 more like this
star this property answering dept short name Work and Pensions more like this
star this property answering dept sort name Work and Pensions more like this
star this property hansard heading State Retirement Pensions: British Nationals Abroad more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Work and Pensions, whether the Government plans to uprate the state pension paid to people living in the EU each year in the next three years. more like this
star this property tabling member constituency Birmingham, Edgbaston more like this
star this property tabling member printed
Preet Kaur Gill more like this
star this property uin 10434 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2020-02-05more like thismore than 2020-02-05
star this property answer text <p>The three year State Pension up-rating guarantee was part of the Government’s no deal preparations. The Withdrawal Agreement has now been ratified.</p><p> </p><p>Under the terms of the Withdrawal Agreement, UK state pensioners living in the EEA or Switzerland by 31 December 2020 will have their state pensions increased annually as long as they continue living there.</p><p> </p><p>Currently, the basic state pension and amounts of new state pension up to the full rate are increased in line with the “triple lock” mechanism, which ensures they will rise each year by the highest of either 2.5 per cent, the rate of price inflation or average earnings growth.</p><p> </p><p>People will get their state pensions up-rated in the EU even if they claim their pension on or after 1 January 2021, as long as they meet the UK state pension qualifying conditions and are covered by the Withdrawal Agreement.</p><p /><p>The position of those who do not fall within the scope of the Withdrawal Agreement will be covered by the future relationship with the EU, which is yet to be negotiated.</p><p><strong> </strong></p><p> </p>
star this property answering member constituency Hexham remove filter
unstar this property answering member printed Guy Opperman more like this
star this property question first answered
less than 2020-02-05T11:32:55.193Zmore like thismore than 2020-02-05T11:32:55.193Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
star this property tabling member
4603
star this property label Biography information for Preet Kaur Gill more like this
1174854
star this property registered interest false more like this
star this property date less than 2020-01-30more like thismore than 2020-01-30
star this property answering body
Department for Work and Pensions more like this
star this property answering dept id 29 more like this
star this property answering dept short name Work and Pensions more like this
star this property answering dept sort name Work and Pensions more like this
star this property hansard heading Social Security Benefits more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Work and Pensions, how many benefit claimants receive their benefits from a credit union in (a) Barnsley, (b) South Yorkshire, (c) Yorkshire and Humber and (d) England. more like this
star this property tabling member constituency Barnsley East more like this
star this property tabling member printed
Stephanie Peacock more like this
star this property uin 10435 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2020-02-04more like thismore than 2020-02-04
star this property answer text <p>The information requested is not readily available and to provide it would incur disproportionate cost.</p> more like this
star this property answering member constituency Hexham remove filter
unstar this property answering member printed Guy Opperman more like this
star this property question first answered
less than 2020-02-04T17:17:45.817Zmore like thismore than 2020-02-04T17:17:45.817Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
star this property tabling member
4607
star this property label Biography information for Stephanie Peacock more like this
1174855
star this property registered interest false more like this
star this property date less than 2020-01-30more like thismore than 2020-01-30
star this property answering body
Department for Work and Pensions more like this
star this property answering dept id 29 more like this
star this property answering dept short name Work and Pensions more like this
star this property answering dept sort name Work and Pensions more like this
star this property hansard heading Social Security Benefits more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Work and Pensions, how much her Department has paid to credit unions to distribute to benefits claimants in (a) Barnsley, (b) South Yorkshire, (c) Yorkshire and Humber and (d) England in each year since 2010. more like this
star this property tabling member constituency Barnsley East more like this
star this property tabling member printed
Stephanie Peacock more like this
star this property uin 10436 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2020-02-04more like thismore than 2020-02-04
star this property answer text <p>Whilst some claimants choose to have benefit payments paid into Credit Union accounts, the Department does not have a contract with Credit Unions to distribute this money. DWP does not, therefore, make any payments Credit Unions to distribute money to benefit claimants.</p> more like this
star this property answering member constituency Hexham remove filter
unstar this property answering member printed Guy Opperman more like this
star this property question first answered
less than 2020-02-04T17:12:41.987Zmore like thismore than 2020-02-04T17:12:41.987Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
star this property tabling member
4607
star this property label Biography information for Stephanie Peacock more like this
765442
star this property registered interest false more like this
star this property date less than 2017-10-06more like thismore than 2017-10-06
star this property answering body
Department for Work and Pensions more like this
star this property answering dept id 29 more like this
star this property answering dept short name Work and Pensions more like this
star this property answering dept sort name Work and Pensions more like this
star this property hansard heading Pensions: EU Countries more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Work and Pensions, how many UK citizens are in receipt of a pension from another EU member state. more like this
star this property tabling member constituency Perth and North Perthshire more like this
star this property tabling member printed
Pete Wishart more like this
star this property uin 105635 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-10-13more like thismore than 2017-10-13
star this property answer text <p>The information requested is not available.</p> more like this
star this property answering member constituency Hexham remove filter
unstar this property answering member printed Guy Opperman more like this
star this property question first answered
less than 2017-10-13T12:02:33.09Zmore like thisremove minimum value filter
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
star this property tabling member
1440
star this property label Biography information for Pete Wishart more like this
765726
star this property registered interest false more like this
star this property date less than 2017-10-06more like thismore than 2017-10-06
star this property answering body
Department for Work and Pensions more like this
star this property answering dept id 29 more like this
star this property answering dept short name Work and Pensions more like this
star this property answering dept sort name Work and Pensions more like this
star this property hansard heading State Retirement Pensions: Females more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Work and Pensions, if he will estimate the cost to the public purse of reducing the pension age of women by one year back to the age of 66 from the 2017-18 tax year. more like this
star this property tabling member constituency Belfast South more like this
star this property tabling member printed
Emma Little Pengelly more like this
star this property uin 105835 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-10-16more like thismore than 2017-10-16
star this property answer text <p>The State Pension age is currently 64 for women and 65 for men.</p><p>The State Pension age is due to reach 67 for both genders by March 2028.</p><p> </p><p>We do not have an estimate of the cost of the state pension age of women being reduced to 61, 62, 63 or 64 from the 2017-18 tax year. This could only be obtained at disproportionate cost.</p><p> </p><p>In the longer-term we estimate that reducing the state pension age by one year compared to the legislated timetable might lead to an increase in expenditure on state pensions of around 0.3% of GDP.</p><p> </p><p>The Department has published a number of documents that could be used to provide illustrative estimates of the costs of some changes for some time periods.</p><p> </p><p>In terms of the cost of the state pension age of women being reduced to 60, the Department submitted written evidence to the Work and Pensions Select Committee in February 2016, producing an illustrative estimate of the costs of reversing the current legislated increases in women’s State Pension age until 2020/21 – i.e. keeping women’s State Pension age at 60 for women born in the 1950s. The illustrative estimate (illustrative as it was based on a number of high-level assumptions) indicated that it would cost £9.8 billion (in 2015/16 price terms) in the tax year 2017/18 were female state pension age to be 60 instead of the currently legislated state pension age in 2017/18, of between 63¾ and 64½. Keeping female State Pension age at 60 in 2020/21 would cost £14.3 billion (in 2015/16 price terms) compared to the legislated state pension age that year, of between 65¾ and 66. Keeping female State Pension age at 60 beyond 2020/21 would incur further costs.</p><p> </p><p>In terms of an estimate for the state pension age of women being reduced to 65, the impact assessment for the Pensions Act 2011 illustrates the estimated savings of bringing forward the rise in state pension age for both genders from 65 to 66 by five and a half years from 2024-26 to complete by October 2020. For example, in 2023/24, when State Pension age will be 66 under the legislated timetable, compared to 65 under the previous timetable, expenditure on state pensions is expected to be £5.9 billion lower (in 2011/12 price terms). Keeping female State Pension age at 65 beyond 2026 would incur further costs. For more information see: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/181462/pensions-bill-2011-ia-annexa.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/181462/pensions-bill-2011-ia-annexa.pdf</a></p><p> </p><p>In terms of for the cost of the state pension age of women being reduced to 66, the impact assessment for the Pensions Act 2014 illustrates the estimated savings of bringing forward the rise in state pension age for both genders from 66 to 67 by eight years from 2034-36 to 2026-28. The Pensions Act 2014 was estimated to reduce expenditure on state pensions by £76.5 billion over the period 2026/27 to 2035/36 inclusive (in 2013/14 price terms). Keeping female State Pension age at 66 beyond 2036 would incur further costs. For more information see: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/310746/pensions-act-ia-annex-b-state-pension-age.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/310746/pensions-act-ia-annex-b-state-pension-age.pdf</a></p>
star this property answering member constituency Hexham remove filter
unstar this property answering member printed Guy Opperman more like this
star this property grouped question UIN
105836 more like this
105837 more like this
105838 more like this
105839 more like this
105840 more like this
105841 more like this
star this property question first answered
less than 2017-10-16T15:36:34.64Zmore like thismore than 2017-10-16T15:36:34.64Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
star this property tabling member
4611
star this property label Biography information for Emma Little Pengelly more like this
765727
star this property registered interest false more like this
star this property date less than 2017-10-06more like thismore than 2017-10-06
star this property answering body
Department for Work and Pensions more like this
star this property answering dept id 29 more like this
star this property answering dept short name Work and Pensions more like this
star this property answering dept sort name Work and Pensions more like this
star this property hansard heading State Retirement Pensions: Females more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Work and Pensions, if he will estimate the cost to the public purse of reducing the pension age of women by two years back to the age of 65 from the 2017-18 tax year. more like this
star this property tabling member constituency Belfast South more like this
star this property tabling member printed
Emma Little Pengelly more like this
star this property uin 105836 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-10-16more like thismore than 2017-10-16
star this property answer text <p>The State Pension age is currently 64 for women and 65 for men.</p><p>The State Pension age is due to reach 67 for both genders by March 2028.</p><p> </p><p>We do not have an estimate of the cost of the state pension age of women being reduced to 61, 62, 63 or 64 from the 2017-18 tax year. This could only be obtained at disproportionate cost.</p><p> </p><p>In the longer-term we estimate that reducing the state pension age by one year compared to the legislated timetable might lead to an increase in expenditure on state pensions of around 0.3% of GDP.</p><p> </p><p>The Department has published a number of documents that could be used to provide illustrative estimates of the costs of some changes for some time periods.</p><p> </p><p>In terms of the cost of the state pension age of women being reduced to 60, the Department submitted written evidence to the Work and Pensions Select Committee in February 2016, producing an illustrative estimate of the costs of reversing the current legislated increases in women’s State Pension age until 2020/21 – i.e. keeping women’s State Pension age at 60 for women born in the 1950s. The illustrative estimate (illustrative as it was based on a number of high-level assumptions) indicated that it would cost £9.8 billion (in 2015/16 price terms) in the tax year 2017/18 were female state pension age to be 60 instead of the currently legislated state pension age in 2017/18, of between 63¾ and 64½. Keeping female State Pension age at 60 in 2020/21 would cost £14.3 billion (in 2015/16 price terms) compared to the legislated state pension age that year, of between 65¾ and 66. Keeping female State Pension age at 60 beyond 2020/21 would incur further costs.</p><p> </p><p>In terms of an estimate for the state pension age of women being reduced to 65, the impact assessment for the Pensions Act 2011 illustrates the estimated savings of bringing forward the rise in state pension age for both genders from 65 to 66 by five and a half years from 2024-26 to complete by October 2020. For example, in 2023/24, when State Pension age will be 66 under the legislated timetable, compared to 65 under the previous timetable, expenditure on state pensions is expected to be £5.9 billion lower (in 2011/12 price terms). Keeping female State Pension age at 65 beyond 2026 would incur further costs. For more information see: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/181462/pensions-bill-2011-ia-annexa.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/181462/pensions-bill-2011-ia-annexa.pdf</a></p><p> </p><p>In terms of for the cost of the state pension age of women being reduced to 66, the impact assessment for the Pensions Act 2014 illustrates the estimated savings of bringing forward the rise in state pension age for both genders from 66 to 67 by eight years from 2034-36 to 2026-28. The Pensions Act 2014 was estimated to reduce expenditure on state pensions by £76.5 billion over the period 2026/27 to 2035/36 inclusive (in 2013/14 price terms). Keeping female State Pension age at 66 beyond 2036 would incur further costs. For more information see: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/310746/pensions-act-ia-annex-b-state-pension-age.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/310746/pensions-act-ia-annex-b-state-pension-age.pdf</a></p>
star this property answering member constituency Hexham remove filter
unstar this property answering member printed Guy Opperman more like this
star this property grouped question UIN
105835 more like this
105837 more like this
105838 more like this
105839 more like this
105840 more like this
105841 more like this
star this property question first answered
less than 2017-10-16T15:36:34.72Zmore like thismore than 2017-10-16T15:36:34.72Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
star this property tabling member
4611
star this property label Biography information for Emma Little Pengelly more like this
765731
star this property registered interest false more like this
star this property date less than 2017-10-06more like thismore than 2017-10-06
star this property answering body
Department for Work and Pensions more like this
star this property answering dept id 29 more like this
star this property answering dept short name Work and Pensions more like this
star this property answering dept sort name Work and Pensions more like this
star this property hansard heading State Retirement Pensions: Females more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Work and Pensions, if he will estimate the cost to the public purse of reducing the pension age of women by three years back to the age of 64 from the 2017-18 tax year. more like this
star this property tabling member constituency Belfast South more like this
star this property tabling member printed
Emma Little Pengelly more like this
star this property uin 105837 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-10-16more like thismore than 2017-10-16
star this property answer text <p>The State Pension age is currently 64 for women and 65 for men.</p><p>The State Pension age is due to reach 67 for both genders by March 2028.</p><p> </p><p>We do not have an estimate of the cost of the state pension age of women being reduced to 61, 62, 63 or 64 from the 2017-18 tax year. This could only be obtained at disproportionate cost.</p><p> </p><p>In the longer-term we estimate that reducing the state pension age by one year compared to the legislated timetable might lead to an increase in expenditure on state pensions of around 0.3% of GDP.</p><p> </p><p>The Department has published a number of documents that could be used to provide illustrative estimates of the costs of some changes for some time periods.</p><p> </p><p>In terms of the cost of the state pension age of women being reduced to 60, the Department submitted written evidence to the Work and Pensions Select Committee in February 2016, producing an illustrative estimate of the costs of reversing the current legislated increases in women’s State Pension age until 2020/21 – i.e. keeping women’s State Pension age at 60 for women born in the 1950s. The illustrative estimate (illustrative as it was based on a number of high-level assumptions) indicated that it would cost £9.8 billion (in 2015/16 price terms) in the tax year 2017/18 were female state pension age to be 60 instead of the currently legislated state pension age in 2017/18, of between 63¾ and 64½. Keeping female State Pension age at 60 in 2020/21 would cost £14.3 billion (in 2015/16 price terms) compared to the legislated state pension age that year, of between 65¾ and 66. Keeping female State Pension age at 60 beyond 2020/21 would incur further costs.</p><p> </p><p>In terms of an estimate for the state pension age of women being reduced to 65, the impact assessment for the Pensions Act 2011 illustrates the estimated savings of bringing forward the rise in state pension age for both genders from 65 to 66 by five and a half years from 2024-26 to complete by October 2020. For example, in 2023/24, when State Pension age will be 66 under the legislated timetable, compared to 65 under the previous timetable, expenditure on state pensions is expected to be £5.9 billion lower (in 2011/12 price terms). Keeping female State Pension age at 65 beyond 2026 would incur further costs. For more information see: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/181462/pensions-bill-2011-ia-annexa.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/181462/pensions-bill-2011-ia-annexa.pdf</a></p><p> </p><p>In terms of for the cost of the state pension age of women being reduced to 66, the impact assessment for the Pensions Act 2014 illustrates the estimated savings of bringing forward the rise in state pension age for both genders from 66 to 67 by eight years from 2034-36 to 2026-28. The Pensions Act 2014 was estimated to reduce expenditure on state pensions by £76.5 billion over the period 2026/27 to 2035/36 inclusive (in 2013/14 price terms). Keeping female State Pension age at 66 beyond 2036 would incur further costs. For more information see: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/310746/pensions-act-ia-annex-b-state-pension-age.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/310746/pensions-act-ia-annex-b-state-pension-age.pdf</a></p>
star this property answering member constituency Hexham remove filter
unstar this property answering member printed Guy Opperman more like this
star this property grouped question UIN
105835 more like this
105836 more like this
105838 more like this
105839 more like this
105840 more like this
105841 more like this
star this property question first answered
less than 2017-10-16T15:36:34.783Zmore like thismore than 2017-10-16T15:36:34.783Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
star this property tabling member
4611
star this property label Biography information for Emma Little Pengelly more like this
765732
star this property registered interest false more like this
star this property date less than 2017-10-06more like thismore than 2017-10-06
star this property answering body
Department for Work and Pensions more like this
star this property answering dept id 29 more like this
star this property answering dept short name Work and Pensions more like this
star this property answering dept sort name Work and Pensions more like this
star this property hansard heading State Retirement Pensions: Females more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Work and Pensions, if he will estimate the cost to the public purse of reducing the pension age of women by fours years back to the age of 63 from the 2017-18 tax year. more like this
star this property tabling member constituency Belfast South more like this
star this property tabling member printed
Emma Little Pengelly more like this
star this property uin 105838 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-10-16more like thismore than 2017-10-16
star this property answer text <p>The State Pension age is currently 64 for women and 65 for men.</p><p>The State Pension age is due to reach 67 for both genders by March 2028.</p><p> </p><p>We do not have an estimate of the cost of the state pension age of women being reduced to 61, 62, 63 or 64 from the 2017-18 tax year. This could only be obtained at disproportionate cost.</p><p> </p><p>In the longer-term we estimate that reducing the state pension age by one year compared to the legislated timetable might lead to an increase in expenditure on state pensions of around 0.3% of GDP.</p><p> </p><p>The Department has published a number of documents that could be used to provide illustrative estimates of the costs of some changes for some time periods.</p><p> </p><p>In terms of the cost of the state pension age of women being reduced to 60, the Department submitted written evidence to the Work and Pensions Select Committee in February 2016, producing an illustrative estimate of the costs of reversing the current legislated increases in women’s State Pension age until 2020/21 – i.e. keeping women’s State Pension age at 60 for women born in the 1950s. The illustrative estimate (illustrative as it was based on a number of high-level assumptions) indicated that it would cost £9.8 billion (in 2015/16 price terms) in the tax year 2017/18 were female state pension age to be 60 instead of the currently legislated state pension age in 2017/18, of between 63¾ and 64½. Keeping female State Pension age at 60 in 2020/21 would cost £14.3 billion (in 2015/16 price terms) compared to the legislated state pension age that year, of between 65¾ and 66. Keeping female State Pension age at 60 beyond 2020/21 would incur further costs.</p><p> </p><p>In terms of an estimate for the state pension age of women being reduced to 65, the impact assessment for the Pensions Act 2011 illustrates the estimated savings of bringing forward the rise in state pension age for both genders from 65 to 66 by five and a half years from 2024-26 to complete by October 2020. For example, in 2023/24, when State Pension age will be 66 under the legislated timetable, compared to 65 under the previous timetable, expenditure on state pensions is expected to be £5.9 billion lower (in 2011/12 price terms). Keeping female State Pension age at 65 beyond 2026 would incur further costs. For more information see: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/181462/pensions-bill-2011-ia-annexa.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/181462/pensions-bill-2011-ia-annexa.pdf</a></p><p> </p><p>In terms of for the cost of the state pension age of women being reduced to 66, the impact assessment for the Pensions Act 2014 illustrates the estimated savings of bringing forward the rise in state pension age for both genders from 66 to 67 by eight years from 2034-36 to 2026-28. The Pensions Act 2014 was estimated to reduce expenditure on state pensions by £76.5 billion over the period 2026/27 to 2035/36 inclusive (in 2013/14 price terms). Keeping female State Pension age at 66 beyond 2036 would incur further costs. For more information see: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/310746/pensions-act-ia-annex-b-state-pension-age.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/310746/pensions-act-ia-annex-b-state-pension-age.pdf</a></p>
star this property answering member constituency Hexham remove filter
unstar this property answering member printed Guy Opperman more like this
star this property grouped question UIN
105835 more like this
105836 more like this
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star this property question first answered
less than 2017-10-16T15:36:34.843Zmore like thismore than 2017-10-16T15:36:34.843Z
star this property answering member
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star this property label Biography information for Guy Opperman more like this
star this property tabling member
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star this property label Biography information for Emma Little Pengelly more like this