National Insurance Contributions: Pensions

Work and Pensions written question – answered on 5th March 2007.

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Photo of Jim Cousins Jim Cousins Labour, Newcastle upon Tyne Central

To ask the Secretary of State for Work and Pensions whether years of national insurance credits or contributions prior to 2010 will be counted at their full value towards the 30-year full basic state pension or discounted.

Photo of James Purnell James Purnell Minister of State (Pensions Reform), Department for Work and Pensions

Proposals in the 2006 Pensions Bill will mean people reaching state pension age on or after 6 April 2010 will require 30 qualifying years for a full basic state pension.

All qualifying years accrued prior to 2010 through payment or crediting of National Insurance contributions will continue to count in full towards the basic state pension. In addition full years of home responsibilities protection awarded prior to 2010 will converted into qualifying years up to a maximum of 22. One qualifying year will be worth around 1/30 of the full rate of the basic state pension.

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