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Guaranteed Minimum Pensions

Question for Treasury

UIN 33004, tabled on 8 July 2022

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.

Answered on

13 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.

Answered by

Treasury
Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.