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Extending the right to buy back National Insurance contributions
Author(s)Chris Curry
Corporate AuthorPensions Policy Institute - PPI
PublisherPensions Policy Institute - PPI (Electronic format only), London, October 2008
Pages4 pp (PPI briefing note, no 47)
SourceDownload from: http://www.pensionspolicyinstitute.org.uk Pensions Policy Institute, King's College, 3rd Floor, 26 Drury Lane, London WC2B 5RL.
KeywordsPensions ; National insurance contributions.
AnnotationPPI Briefing Notes clarify topical issues in pensions policy. From 2010, the number of years of National Insurance contributions (NICs) needed in order to qualify for a full Basic State Pension (BSP) will be reduced from 39 years for women and 44 years for men to a total of 30 years for both. However, people reaching State Pension Age (SPA) before 4 April 2010 will still need to have contributed for 39 or 44 years to qualify for a full BSP. This Briefing Note explores the potential advantages, disadvantages and costs of implementing this amendment to NICs. (RH)
Accession NumberCPA-081030001 E
ClassmarkJJ: JBC *

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