The Pensions Act 2014 legislated for a new ‘single-tier’ State Pension system to be introduced for individuals reaching State Pension age after April 2016.
A new service giving people a personalised written statement estimating what they can expect to receive under the new State Pension system, has been running since the beginning of September 2014. The statement is based on the individual’s work history and National Insurance contributions.
This publication provides statistics on the number of State Pension statements produced between 1 September and 7 November 2014. It provides a breakdown of these statements by gender and whether the statement is based on the current State Pension system or the new State Pension system valuation.