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45173
star this property registered interest false more like this
star this property date less than 2014-03-26more like thismore than 2014-03-26
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
unstar 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 estimate he has made of the cost to the public purse of the top-up of state pensions for each of the next 20 financial years. more like this
star this property tabling member constituency Cumbernauld, Kilsyth and Kirkintilloch East more like this
star this property tabling member printed
Gregg McClymont remove filter
star this property uin 193916 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-03-31more like thismore than 2014-03-31
star this property answer text <p /> <p /> <p>Estimates were made of both the future AME expenditure and the revenue from contributions in 2015-16 and 2016-17 which would determine future state pension expenditure levels. Estimates made by the Department were certified by the Office for Budget Responsibility. Figures for the medium term impacts in cash terms were published on page 46 in Budget 2014: policy costings available at:</p><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/295067/PU1638_policy_costings_bud_2014_with_correction_slip.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/295067/PU1638_policy_costings_bud_2014_with_correction_slip.pdf</a> .</p><p> </p><p>Further information on the long-term Exchequer impact in 2013-14 price terms is included in the table below. As noted in the policy costings document, there is uncertainty about levels of take-up of this policy. If take-up was higher than assumed both AME and Revenue would increase and if take-up was lower than assumed then both would decrease.</p><p> </p><table><tbody><tr><td><p> </p></td><td><p>AME</p></td><td><p>Revenue</p></td></tr><tr><td><p>2014-15</p></td><td><p>0</p></td><td><p>0</p></td></tr><tr><td><p>2015-16</p></td><td><p>-15</p></td><td><p>+415</p></td></tr><tr><td><p>2016-17</p></td><td><p>-50</p></td><td><p>+410</p></td></tr><tr><td><p>2017-18</p></td><td><p>-65</p></td><td><p>0</p></td></tr><tr><td><p>2018-19</p></td><td><p>-65</p></td><td><p>0</p></td></tr><tr><td><p>2019-20</p></td><td><p>-60</p></td><td><p>0</p></td></tr><tr><td><p>2020-21</p></td><td><p>-60</p></td><td><p>0</p></td></tr><tr><td><p>2021-22</p></td><td><p>-55</p></td><td><p>0</p></td></tr><tr><td><p>2022-23</p></td><td><p>-55</p></td><td><p>0</p></td></tr><tr><td><p>2023-24</p></td><td><p>-55</p></td><td><p>0</p></td></tr><tr><td><p>2024-25</p></td><td><p>-50</p></td><td><p>0</p></td></tr><tr><td><p>2025-26</p></td><td><p>-45</p></td><td><p>0</p></td></tr><tr><td><p>2026-27</p></td><td><p>-45</p></td><td><p>0</p></td></tr><tr><td><p>2027-28</p></td><td><p>-40</p></td><td><p>0</p></td></tr><tr><td><p>2028-29</p></td><td><p>-40</p></td><td><p>0</p></td></tr><tr><td><p>2029-30</p></td><td><p>-35</p></td><td><p>0</p></td></tr><tr><td><p>2030-31</p></td><td><p>-35</p></td><td><p>0</p></td></tr><tr><td><p>2031-32</p></td><td><p>-30</p></td><td><p>0</p></td></tr><tr><td><p>2032-33</p></td><td><p>-30</p></td><td><p>0</p></td></tr><tr><td><p>2033-34</p></td><td><p>-25</p></td><td><p>0</p></td></tr></tbody></table><p> </p><p>Notes to table: Figures are in £m, 2013-14 price terms, rounded to nearest £5m.</p>
star this property answering member constituency Thornbury and Yate more like this
unstar this property answering member printed Steve Webb more like this
star this property grouped question UIN 193926 remove filter
star this property question first answered
less than 2014-03-31T12:00:00.00Zmore like thismore than 2014-03-31T12:00:00.00Z
star this property answering member
220
star this property label Biography information for Steve Webb more like this
star this property tabling member
3949
star this property label Biography information for Gregg McClymont more like this