§ Mr. FlightTo ask the Chancellor of the Exchequer if he will estimate the average impact on the Exchequer over the course of the last 10 years of each tranche of one thousand persons contracting into SERPS/state second pension from a personal or occupational pension. [44682]
§ Maria EagleI have been asked to reply.
The information is in the table:
£ million Year Amount 1991–92 0.6 1992–93 0.6 1993–94 0.6 1994–95 0.5 1995–96 0.6 1996–67 0.6 1997–98 0.6 1998–99 0.6 1999–2000 0.6 2000–01 0.5 Note:
The figures show the increase in national insurance contributions that would result from 1,000 people rejoining SERPS in each of the last 10 years. They have been calculated on the assumption that their arrangements are broadly representative of all people contracted out, in terms of age, earnings and type of contracted-out arrangement.
Source:
Government Actuary's Department