Guaranteed Minimum Pensions
(asked on 8th July 2022) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, under what circumstances the (a) Department for Work and Pensions or (b) HMRC may change an individual’s Guaranteed Minimum Payment information.
This question was answered on 13th July 2022
An individual’s National Insurance record is a living entity that can be updated at any time through routine ‘business as usual’ reviews or if additional information is received from Pension Scheme Administrators and/or employers. Any of these updates to the National Insurance record could result in a change to the Guaranteed Minimum Pension value held on HMRC records.