State Retirement Pensions

Department for Work and Pensions written question – answered on 24th June 2019.

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Photo of Madeleine Moon Madeleine Moon Chair, Defence Sub-Committee

To ask the Secretary of State for Work and Pensions, pursuant to the Answer of 28 May 2019 to Question 256267 on State Retirement Pensions, what estimate he has made of the number of cases where a person has received an inaccurate state pension forecast as a result of part of their state pension being contracted out.

Photo of Guy Opperman Guy Opperman The Parliamentary Under-Secretary of State for Work and Pensions

I have been asked to reply on behalf of the Chancellor. State Pension forecasts are based on the individual’s National Insurance record that is held at the time the forecast is produced. There may be subsequent changes to the National Insurance information; additionally for a small percentage of National Insurance records the information may be incomplete. Where this is the case, this may affect the State Pension forecast. For this reason the forecasts make it clear that they are subject to change.

HMRC and DWP continue to work closely to improve our ability to identify and correct inaccuracies as quickly as possible. Where inaccurate or incomplete National Insurance records are identified they are routinely corrected by HMRC. Additionally, HMRC also ensure that any inconsistencies that remain on an individual’s National Insurance record are investigated in the period leading up to State Pension age to ensure the correct amount of State Pension is put into payment.

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