State Retirement Pensions

(asked on 15th September 2021) - View Source

Question to the Department for Work and Pensions:

To ask Her Majesty's Government what plans they have to take the Consumer Price Index into account when calculating the state pension for 2022–23.


Answered by
Baroness Stedman-Scott Portrait
Baroness Stedman-Scott
Parliamentary Under-Secretary (Foreign, Commonwealth and Development Office)
This question was answered on 22nd September 2021

The Government has introduced the Social Security (Up-rating of Benefits) Bill which will enable State Pensions (the basic State Pension, the new State Pension and Pension Credit) to be uprated for 2022/23 only by at least the higher of the increase in prices or 2.5%.

Decisions on up-rating for all pensions and benefit rates are made in the Autumn as part of the up-rating review by the Secretary of State for Work and Pensions and announced ahead of the up-rating of benefits in April 2022. The conventional measure of price increases used for up-rating is September to September Consumer Price Index, this is released in October.

This content was generated for your convenience by Parallel Parliament and does not form part of the official record.
Recent Documents related to State Retirement Pensions

1. Budget 2018: documents
29/10/2018 - HM Treasury
- View source

Found: publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated.

2. Calculate your concessionary bus travel reimbursement
27/11/2020 - Department for Transport
- View source

Found: Transport: bus travel reimbursement calculator 2021 to 2022 XLSM, 447KB This file may not be suitable for

3. published a consultation
10/08/2021 - Government Actuary's Department
- View source

Found: Judicial Pension Scheme 2022 Consultation on d raft scheme regulations

4. Judicial Pension Scheme 2022: Scheme Regulations
23/07/2021 - Ministry of Justice
- View source

Found: Judicial Pension Scheme 2022 Consultation on d raft scheme regulations

5. Social Security (Up-rating of Benefits) Bill
06/10/2021 - Bill Documents

Found: scheduled to take place in the House of Lords. The bill would allow the Government to set aside the

Latest Documents
Recent Speeches related to State Retirement Pensions

1. Social Security (Up-rating of Benefits) Bill
13/10/2021 - Lords Chamber

1: to undertake a review of social security and state pension rates to consider whether benefits have kept - Speech Link

2. Inflation
01/07/2019 - Lords Chamber

1: problems with the calculation of the retail price index through a series of articles by Chris Giles in - Speech Link

3. Draft Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations 2021 Draft Tax Credits, Child Benefit and Guardian’s Allowance Up-rating Regulations 2021
09/02/2021 - General Committees

1: with previous years, the Government are using the September consumer prices index, or CPI, figure of 0.5% - Speech Link
2: CPI. However, due to the rounding rules when calculating the lower earnings limit, this has resulted in - Speech Link

4. Social Security (Up-rating of Benefits) Bill
01/10/2020 - Commons Chamber

1: changes for one year only that will ensure that state pensions can still potentially be uprated, despite - Speech Link

5. Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations 2020
03/03/2020 - Lords Chamber

1: for the 2020-21 tax year. They will allow the Government to deliver on their manifesto commitment to cut - Speech Link
2: the first time in four years. This means the Government will be spending an additional £800 million to - Speech Link
3: austerity is genuinely coming to an end, the Government should make good at least some of the loss that - Speech Link

Latest Speeches
Recent Questions related to State Retirement Pensions
1. Consumer Price Index
asked by: Kirsty Blackman
12/07/2017
... what assessment he has made of the effect of the rise in the Consumer Price Index on consumer spending habits in each of the last 12 months.

2. Consumer Price Index
asked by: Kirsty Blackman
11/07/2017
... whether he has discussed with the Governor of the Bank of England the recent rise in the Consumer Price Index; and if he will make a statement.

3. Consumer Price Index: Disposable Income
asked by: Kirsty Blackman
18/07/2017
... what assessment he has made of the effect of the recent rise in the consumer price index on the level of household disposable income.

4. Consumer Price Index: Personal Savings
asked by: Kirsty Blackman
13/07/2017
... what assessment he has made of the effect of the recent rise in consumer price index on household savings.

Latest Questions