Skip to main content

State Earnings-Related Pension

Volume 201: debated on Friday 20 December 1991

The text on this page has been created from Hansard archive content, it may contain typographical errors.

To ask the Secretary of State for Northern Ireland if he will estimate the total cost to the national insurance fund in a full year in (a) 1991–92 and (b) 1992–93 of the 2 per cent. banded earnings offered as an incentive to opt out of SERPs, in Northern Ireland.

The information is as follows:

2 per cent. Incentives in respect of personal pensions and 2 per cent. incentives for contracted-out schemes
Northern Ireland (£ million)
Paid in yearIn respect of yearPersonal pensionsNew schemesTotal
1991–921990–9111·92·414·3
11989–900·20·20·4
Total12·12·614·7
1992–931991–9213·63·116·7
11990–910·30·10·4
Total13·93·217·1
1 And earlier.