State Retirement Pensions: National Insurance

(asked on 11th September 2023) - View Source

Question to the Department for Work and Pensions:

To ask His Majesty's Government what estimate they have made of the savings to the Exchequer in total cost of paying UK State Pensions in 2023–24 if full state pensions for all newly retired individuals required a National Insurance record of 45 years instead of 35 years, assuming no purchase of additional voluntary years.


Answered by
Viscount Younger of Leckie Portrait
Viscount Younger of Leckie
Parliamentary Under-Secretary (Department for Work and Pensions)
This question was answered on 20th September 2023

We have not made any estimate of the savings to the Exchequer of paying UK State Pensions in 2023–24 if a full state pension for all newly retired individuals required a National Insurance record of 45 years instead of 35 years. There are currently no plans to review the qualifying criteria for the new State Pension.

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