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State Earnings-Related Pension

Volume 201: debated on Friday 20 December 1991

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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
1 And earlier.