Asked by: Lord Goddard of Stockport (Liberal Democrat - Life peer)
Question to the Department for Work and Pensions:
To ask His Majesty's Government how has the value of the basic state pension altered as a percentage of average national earnings since 2010.
Answered by Baroness Stedman-Scott
The basic State Pension rate as a percentage of mean earnings is set out below.
Date of Uprating | Basic State Pension Rate as a percentage of mean earnings (%) |
April 2010 | 16.3 |
April 2011 | 16.9 |
April 2012 | 17.7 |
April 2013 | 17.8 |
April 2014 | 18.2 |
April 2015 | 18.5 |
April 2016 | 18.5 |
April 2017 | 18.5 |
April 2018 | 18.4 |
April 2019 | 18.4 |
April 2020 | 19.0 |
April 2021 | 18.9 |
Source: Abstract of DWP benefit ratestatistics 2021 - GOV.UK (www.gov.uk)
Annual Survey of Hours and Earnings: Earnings and hours worked, all employees: ASHE Table 1 - Office for National Statistics (ons.gov.uk)
The basic State Pension is payable to those who reached State Pension age before 6 April 2016. It should be noted that some individuals may also be receiving the earnings-related additional State Pension (SERPS and/or State Second Pension (S2P)) or if they were contracted out of the additional State Pension, a private pension instead. Some individuals may also be receiving Graduated Retirement Benefit.