Pensions (Value) (Hansard, 28 April 1958)

§ 44. Mr. Lewis
asked the Minister of Pensions and National Insurance whether he will publish in HANSARD a table of figures showing the war disability pensions received by a war disabled pensioner on 1st April, 1951, to 1958, respectively; and taking the £ as having a purchasing value of 20s. at 1st April, 1951, what the relative purchasing value of these pensions would be in April of each of these years, in comparison with April, 1951, after allowing for the depreciation of the purchasing value of the £ sterling from April, 1951, to April, 1958.

§ Mr. Boyd-Carpenter
Yes. The following are the figures:

— Basic war disablement pension at 100 per cent. rate Amount required in April, 1951, to equal the value of that rate^*

s. d. s. d.

1st April, 1951 … 45 0 45 0

1st April, 1952 … 45 0 40 3

1st April, 1953 … 55 0 47 3

1st April, 1954 … 55 0 47 0

1st April, 1955 … 67 6 55 8

1st April, 1956 … 67 6 51 11

1st April, 1957 … 67 6 51 0

1st April, 1958 … 85 0 61 11

^* NOTE: Assessed on the basis of the Retail Prices Index.

§ 46. Mr. Lewis
asked the Minister of Pensions and National Insurance whether he will publish in HANSARD a table of figures showing the retirement pension received by a single person and married couple on 1st April, 1951, to 1st April, 1958, respectively; and, taking the £ as having a purchasing value of 20s. in April, 1951, what the relative purchasing value of these pensions would be on these dates, in comparison with April, 1951, after allowing for the depreciation of the purchasing value of the £ from April, 1951, to April, 1958.
7W

§ Mr. Boyd-Carpenter
Yes. The following are the figures:

— Retirement Pensions

Single Person Married Couple

Standard rate Amount in April, 1951, to equal the value of that rate^* Standard rate Amount required in April, 1951, to equal the value of that rate^*

s. d. s. d. s. d. s. d.

1st April, 1951 … 26 0 26 0 42 0 42 0

1st April, 1952 … 30 0† 26 10 50 0† 44 9

26 0 23 3 42 0 37 7

1st April, 1953 … 32 6 27 11 54 0 46 5

1st April, 1954 … 32 6 27 9 54 0 46 1

1st April, 1955 … 32 6 26 10 54 0 44 7

1st April, 1956 … 40 0 30 9 65 0 50 0

1st April, 1957 … 40 0 30 3 65 0 49 1

1st April, 1958 … 50 0 36 5 80 0 58 3

^* On the basis of the Retail Prices Index.

† The higher rate applied to pensioners who had attained age 65 (60 for women) on 1st October, 1951.

—	Basic war disablement pension at 100 per cent. rate	Amount required in April, 1951, to equal the value of that rate^*
		s.	d.	s.	d.
1st April, 1951	…	45	0	45	0
1st April, 1952	…	45	0	40	3
1st April, 1953	…	55	0	47	3
1st April, 1954	…	55	0	47	0
1st April, 1955	…	67	6	55	8
1st April, 1956	…	67	6	51	11
1st April, 1957	…	67	6	51	0
1st April, 1958	…	85	0	61	11
^* NOTE: Assessed on the basis of the Retail Prices Index.

—	Retirement Pensions
Single Person	Married Couple
Standard rate	Amount in April, 1951, to equal the value of that rate^*	Standard rate	Amount required in April, 1951, to equal the value of that rate^*
		s.	d.	s.	d.	s.	d.	s.	d.
1st April, 1951	…	26	0	26	0	42	0	42	0
1st April, 1952	…	30	0†	26	10	50	0†	44	9
26	0	23	3	42	0	37	7
1st April, 1953	…	32	6	27	11	54	0	46	5
1st April, 1954	…	32	6	27	9	54	0	46	1
1st April, 1955	…	32	6	26	10	54	0	44	7
1st April, 1956	…	40	0	30	9	65	0	50	0
1st April, 1957	…	40	0	30	3	65	0	49	1
1st April, 1958	…	50	0	36	5	80	0	58	3
^* On the basis of the Retail Prices Index.
† The higher rate applied to pensioners who had attained age 65 (60 for women) on 1st October, 1951.