HC Deb 03 April 1996 vol 275 c345W
Mr. Frank Field

To ask the Secretary of State for Social Security what is the cost of the new contracted-out SERPS rebate which will take effect from April 1997 for each of the next 10 years. [21440]

Mr. Heald

The contracted-out rebate is set for a maximum of five years only. Estimated costs for the financial years 1997–98 to 2001–2, in terms of national insurance fund revenue forgone, are set out in the table.