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Pensions

Volume 470: debated on Thursday 17 January 2008

To ask the Secretary of State for Work and Pensions how many people made contributions into a group personal pension scheme in 2005-06. (175052)

The information is not available in the format requested. Such information as is available is presented as follows:

Employer sponsored group personal pensions

Thousand

Number of members

Personal pensions

1,890

Stakeholder pensions

870

Notes:

1. The information shows the number of Personal and Stakeholder pension scheme members. They are derived from monthly and annual statistical returns submitted to HMRC by pension providers alongside claims for the repayment of basic rate income tax on contributions. Due to lags in providers submitting monthly returns the number and amounts shown in the tables will tend to underestimate the number of members during the year.

2. The number of members relates to members of each reporting provider and should not be taken as numbers of individuals, since individuals can have more than one pension provider.

3. Employer sponsored schemes include group personal pensions, group stakeholder pensions and all contracts set up under a trust by an employer.

Source:

As reported to HMRC by providers between 6 April 2005 to 5 April 2006

To ask the Secretary of State for Work and Pensions how many people aged (a) 18 to 25, (b) 25 to 45 and (c) 45 to 65 years are contracted out of the state second pension; and what proportion of the working population in each age group these figures represent. (175063)

The latest available information is in the following table:

Age-group

Number of people contracted out (Thousand)

Percentage of corresponding workforce

18-25

633

17

26-45

6,779

49

46-64

3,743

43

Notes:

(a) Contracting-out figures are based on a one per cent. sample of LLMD 2 and are shown to the nearest thousand.

(b) Workforce figures on which the percentages are based are from the Office for National Statistics mid-2003 population estimates.

(c) The “46-64 age group” excludes women aged between 60 and 64 as people cannot contract out beyond state pension age (currently 60 for women and 65 for men).

(d) The age-groups set out in the answer differ slightly from those set out in the question to avoid overlapping and to take account of the fact that men cannot contract out beyond state pension age.

Source:

Lifetime Labour Market Database (LLMD) 2, 2003-04

To ask the Secretary of State for Work and Pensions how many pensioners have had their pension payment date (a) advanced to 21 December 2007 and (b) set to be paid on 24 December 2007. (175078)

The information requested is not available in the format requested. Such information as is available is as follows.

Approximately 5.4 million customers had their payments advanced to 21 December 2007. This figure includes customers in receipt of state pension as well as those people of working age who receive widows benefit and bereavement benefit.

Approximately 3.6 million customers received their payments on 24 December 2007. This figure includes pension credit, state pension and income support customers.