PARLIAMENTARY WRITTEN QUESTION
State Retirement Pensions (13 April 2018)
Question Asked
Asked by:
Anna Turley (Labour)
Answer
In April 2018 there was above indexation increase in the standard minimum guarantee of Pension Credit, to match the cash increase in the basic State Pension. This prevents the increase in the basic State Pension (in isolation) from taking people out of the scope of Pension Credit, excluding the impact of any other changes in circumstances. The full rate of the new State Pension is set each year above the level of the basic means test in Pension Credit, reducing reliance on means testing over time and providing a firm foundation on which to build private pension provision.
Answered by:
Guy Opperman (Conservative)
18 April 2018
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