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968179
registered interest false more like this
date less than 2018-09-05more like thismore than 2018-09-05
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading State Retirement Pensions more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Work and Pensions, what processes her Department uses to (a) notify people of their state pension entitlement and (b) advise them of the number of additional qualifying years of national insurance contributions required to obtain the full state pension; and whether that information is provided via a single communication. more like this
tabling member constituency Luton North more like this
tabling member printed
Kelvin Hopkins more like this
uin 170650 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-09-13more like thismore than 2018-09-13
answer text <p>Reforms to the State Pension were recommended by the Pensions Commission in 2005, which was set up under the then Labour Government. These recommendations were taken forward in the design of the new State Pension by the coalition Government.</p><p> </p><p>Since 2014, the Department for Work and Pensions has carried out a comprehensive communication campaign to bring the new State Pension to people’s attention with advertisements in newspapers, on social media and on radio stations across the country as well as working through Stakeholders to raise public awareness of the changes. There is also a significant package of on-line information about the State Pension at <a href="http://www.gov.uk" target="_blank">www.gov.uk</a>.</p><p> </p><p>Our online service, Check your State Pension (CySP), is key in supporting the communication campaign. This service provides a State Pension forecast (based on the individual’s current National Insurance record and an assumption that future years count towards their State Pension), and the earliest date the individual can get their State Pension. Users can look at their National Insurance record, where they will also find out how many qualifying years they have and any gaps in their contributions. Since February 2016, over 10 million State Pension forecasts have now been viewed online, helping millions of people to plan for their retirement. Those who are unable to use the online CySP service can request to get a State Pension forecast posted to them.</p><p> </p><p>The CySP service also gives personalised information on whether the payment of (Class 3) voluntary National Insurance Contributions (vNICs) may improve their forecast. Whether or not an individual can improve their State Pension position by making vNICs will depend upon their own particular circumstances. It is entirely a decision for the individual to make but it may not always be beneficial. A person normally has six years in which to pay vNICs for a given tax year.</p><p> </p><p>Anyone considering making vNICs payments should firstly check their State Pension using the CySP service on <a href="http://www.gov.uk" target="_blank">www.gov.uk</a>. Where someone pays Class 3 vNICs and the payment does not result in an increase their State Pension, they can request a refund from HMRC.</p><p> </p><p>People with no National Insurance record before the introduction of the new State<br>Pension on 6 April 2016 will need 35 qualifying years to get the full amount of new State Pension, when they reach State Pension age.</p><p> </p><p>For people with an existing National Insurance record before this date, transitional arrangements apply and their existing National Insurance (NI) record to 6 April 2016 is taken into account. (It is therefore not the case that 35 years of National Insurance will result in the full rate of the new State Pension for these people; in these cases there is usually not a direct relationship between the number of years of National Insurance contributions and the amount of State Pension someone receives.)</p><p>People who qualify will receive at least as much from the new State Pension as they would have done from the old system, based on their NI record to 6 April 2018;<br></p><p>Many people will be able to build a higher State Pension amount than they previously could have done by adding further qualifying years until they either reach the full rate of new State Pension, or their State Pension age whichever comes first</p><p> </p>
answering member constituency Hexham remove filter
answering member printed Guy Opperman more like this
grouped question UIN 170652 more like this
question first answered
less than 2018-09-13T09:31:01.197Zmore like thismore than 2018-09-13T09:31:01.197Z
answering member
4142
label Biography information for Guy Opperman more like this
tabling member
2
label Biography information for Kelvin Hopkins remove filter
968182
registered interest false more like this
date less than 2018-09-05more like thismore than 2018-09-05
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading State Retirement Pensions more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Work and Pensions, how many people have (a) made additional payments to increase the number of qualifying years of National Insurance contributions they require to claim the full state pension and (b) by making such payments have (i) exceeded the 35 years required to claim that pension and (ii) been refunded for making overpayments. more like this
tabling member constituency Luton North more like this
tabling member printed
Kelvin Hopkins more like this
uin 170651 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-09-12more like thismore than 2018-09-12
answer text <p>The requested information relating to the payment of voluntary Class 3 National Insurance contributions is not readily available.</p><p> </p><p>People with no National Insurance record before the introduction of the new State Pension on 6 April 2016 will need 35 qualifying years to get the full amount of new State Pension, when they reach State Pension age.</p><p> </p><p>For people with an existing National Insurance record before this date, transitional arrangements apply and their existing National Insurance (NI) record to 6 April 2016 is taken into account. (It is therefore not the case that 35 years of National Insurance will result in the full rate of the new State Pension for these people; in these cases there is usually not a direct relationship between the number of years of National Insurance contributions and the amount of State Pension someone receives.)</p><p>People who qualify will receive at least as much from the new State Pension as they would have done from the old system, based on their NI record to 6 April 2018;<br></p><p>Many people will be able to build a higher State Pension amount than they previously could have done by adding further qualifying years until they either reach the full rate of new State Pension, or their State Pension age whichever comes first</p><p> </p>
answering member constituency Hexham remove filter
answering member printed Guy Opperman more like this
question first answered
less than 2018-09-12T11:35:42.657Zmore like thismore than 2018-09-12T11:35:42.657Z
answering member
4142
label Biography information for Guy Opperman more like this
tabling member
2
label Biography information for Kelvin Hopkins remove filter
968187
registered interest false more like this
date less than 2018-09-05more like thismore than 2018-09-05
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading State Retirement Pensions more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Work and Pensions, whether the requirement to have 35 qualifying years of national insurance contributions to be eligible for a full state pension is set out in correspondence sent to people in relation to (a) their national insurance record and (b) their state pension. more like this
tabling member constituency Luton North more like this
tabling member printed
Kelvin Hopkins more like this
uin 170652 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-09-13more like thismore than 2018-09-13
answer text <p>Reforms to the State Pension were recommended by the Pensions Commission in 2005, which was set up under the then Labour Government. These recommendations were taken forward in the design of the new State Pension by the coalition Government.</p><p> </p><p>Since 2014, the Department for Work and Pensions has carried out a comprehensive communication campaign to bring the new State Pension to people’s attention with advertisements in newspapers, on social media and on radio stations across the country as well as working through Stakeholders to raise public awareness of the changes. There is also a significant package of on-line information about the State Pension at <a href="http://www.gov.uk" target="_blank">www.gov.uk</a>.</p><p> </p><p>Our online service, Check your State Pension (CySP), is key in supporting the communication campaign. This service provides a State Pension forecast (based on the individual’s current National Insurance record and an assumption that future years count towards their State Pension), and the earliest date the individual can get their State Pension. Users can look at their National Insurance record, where they will also find out how many qualifying years they have and any gaps in their contributions. Since February 2016, over 10 million State Pension forecasts have now been viewed online, helping millions of people to plan for their retirement. Those who are unable to use the online CySP service can request to get a State Pension forecast posted to them.</p><p> </p><p>The CySP service also gives personalised information on whether the payment of (Class 3) voluntary National Insurance Contributions (vNICs) may improve their forecast. Whether or not an individual can improve their State Pension position by making vNICs will depend upon their own particular circumstances. It is entirely a decision for the individual to make but it may not always be beneficial. A person normally has six years in which to pay vNICs for a given tax year.</p><p> </p><p>Anyone considering making vNICs payments should firstly check their State Pension using the CySP service on <a href="http://www.gov.uk" target="_blank">www.gov.uk</a>. Where someone pays Class 3 vNICs and the payment does not result in an increase their State Pension, they can request a refund from HMRC.</p><p> </p><p>People with no National Insurance record before the introduction of the new State<br>Pension on 6 April 2016 will need 35 qualifying years to get the full amount of new State Pension, when they reach State Pension age.</p><p> </p><p>For people with an existing National Insurance record before this date, transitional arrangements apply and their existing National Insurance (NI) record to 6 April 2016 is taken into account. (It is therefore not the case that 35 years of National Insurance will result in the full rate of the new State Pension for these people; in these cases there is usually not a direct relationship between the number of years of National Insurance contributions and the amount of State Pension someone receives.)</p><p>People who qualify will receive at least as much from the new State Pension as they would have done from the old system, based on their NI record to 6 April 2018;<br></p><p>Many people will be able to build a higher State Pension amount than they previously could have done by adding further qualifying years until they either reach the full rate of new State Pension, or their State Pension age whichever comes first</p><p> </p>
answering member constituency Hexham remove filter
answering member printed Guy Opperman more like this
grouped question UIN 170650 more like this
question first answered
less than 2018-09-13T09:31:01.26Zmore like thismore than 2018-09-13T09:31:01.26Z
answering member
4142
label Biography information for Guy Opperman more like this
tabling member
2
label Biography information for Kelvin Hopkins remove filter
760775
registered interest false more like this
date less than 2017-09-14more like thismore than 2017-09-14
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading Companies: Mergers and Takeovers more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Work and Pensions, if he will bring forward legislative proposals to require companies with a deficit on their defined benefit pension scheme to seek the approval of the Pensions Regulator before agreeing to any merger or takeover. more like this
tabling member constituency Luton North more like this
tabling member printed
Kelvin Hopkins more like this
uin 105228 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-10-09more like thismore than 2017-10-09
answer text <p>Our Green Paper: Security and Sustainability in Defined Benefit Schemes looked at a number of potential measures to further protect DB schemes – including introducing a system for compulsory clearance by the Regulator for certain corporate transactions and a requirement for employers to consult with trustees before paying dividends where the scheme is underfunded.</p><p>We are currently analysing the feedback received and will publish a White Paper in winter. Any future changes to legislation need to be considered carefully against the need to ensure appropriate protections for members, the impact on business and the wider economy.</p> more like this
answering member constituency Hexham remove filter
answering member printed Guy Opperman more like this
grouped question UIN 105226 more like this
question first answered
less than 2017-10-09T17:02:25.23Zmore like thismore than 2017-10-09T17:02:25.23Z
answering member
4142
label Biography information for Guy Opperman more like this
tabling member
2
label Biography information for Kelvin Hopkins remove filter
760782
registered interest false more like this
date less than 2017-09-14more like thismore than 2017-09-14
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading Companies: Finance more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Work and Pensions, if he will introduce legislative proposals to prohibit companies with a deficit on their defined benefit pension scheme from paying any dividends without the prior approval of the Pensions Regulators. more like this
tabling member constituency Luton North more like this
tabling member printed
Kelvin Hopkins more like this
uin 105226 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-10-09more like thismore than 2017-10-09
answer text <p>Our Green Paper: Security and Sustainability in Defined Benefit Schemes looked at a number of potential measures to further protect DB schemes – including introducing a system for compulsory clearance by the Regulator for certain corporate transactions and a requirement for employers to consult with trustees before paying dividends where the scheme is underfunded.</p><p>We are currently analysing the feedback received and will publish a White Paper in winter. Any future changes to legislation need to be considered carefully against the need to ensure appropriate protections for members, the impact on business and the wider economy.</p> more like this
answering member constituency Hexham remove filter
answering member printed Guy Opperman more like this
grouped question UIN 105228 more like this
question first answered
less than 2017-10-09T17:02:25.183Zmore like thismore than 2017-10-09T17:02:25.183Z
answering member
4142
label Biography information for Guy Opperman more like this
tabling member
2
label Biography information for Kelvin Hopkins remove filter