Pensions

House of Lords written question – answered on 26th June 2012.

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Photo of Lord Laird Lord Laird UUP

To ask Her Majesty's Government what percentage and number of pensioners will no longer be entitled to claim top-up social security payments after the introduction of the proposed flat rate old age state pension.

Photo of Lord Freud Lord Freud The Parliamentary Under-Secretary of State for Work and Pensions

The Budget 2012 confirmed that the single-tier pension will be set above the basic level of the means test to help ensure that people can save for their retirement with confidence.

We will provide further detail on the impacts of reform in a white paper later this year.

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