Additional voluntary national insurance contributions at state pension age: results from an online survey

Document type
Survey
Author(s)
Strudwick, Maria; Raffan, Patrick
Publisher
DWP
Date of publication
1 December 2013
Subject(s)
Poverty Alleviation Welfare Benefits and Financial Inclusion, Older Adults
Collection
Social welfare
Material type
Reports

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This report presents results from an online survey set up to provide understanding of the likely take-up of additional Voluntary National Insurance Contributions (VNICs). These additional VNICs are intended to be available for those reaching State Pension Age (SPA) before 6 April 2016 to increase their Additional State Pension by a modest amount. This includes those already in receipt of State Pension. The government is proposing1 to replace the current State Pensions system with a new Single Tier State Pension in 2016 which will provide approximately £144 per week (in today’s money) based on 35 qualifying years qualifying of National Insurance Contributions. This offer to extend Voluntary National Insurance Contributions to increase Additional State Pension is aimed at existing pensioners and those who will reach State Pension Age before the single tier pension is introduced.