State Earnings-related Pension (Hansard, 20 December 1991)

HC Deb 20 December 1991 vol 201 c333W 333W

§ Mr. Battle
To ask the Secretary of State for Northern Ireland if he will estimate the total cost to the national insurance fund in a full year in(a) 1991–92 and (b) 1992–93 of the 2 per cent. banded earnings offered as an incentive to opt out of SERPs, in Northern Ireland.

§ Mr. Hanley
The information is as follows:

2 per cent. Incentives in respect of personal pensions and 2 per cent. incentives for contracted-out schemes

Northern Ireland (£ million)

Paid in year In respect of year Personal pensions New schemes Total

1991–92 1990–91 11.9 2.4 14.3

¹1989–90 0.2 0.2 0.4

Total 12.1 2.6 14.7

1992–93 1991–92 13.6 3.1 16.7

¹1990–91 0.3 0.1 0.4

Total 13.9 3.2 17.1

¹ And earlier.

2 per cent. Incentives in respect of personal pensions and 2 per cent. incentives for contracted-out schemes
Northern Ireland (£ million)
Paid in year	In respect of year	Personal pensions	New schemes	Total
1991–92	1990–91	11.9	2.4	14.3
	¹1989–90	0.2	0.2	0.4
	Total	12.1	2.6	14.7
1992–93	1991–92	13.6	3.1	16.7
	¹1990–91	0.3	0.1	0.4
	Total	13.9	3.2	17.1
¹ And earlier.