2017 No. 375
The State Pension Debits and Credits (Revaluation) Order 2017
Made
Laid before Parliament
Coming into force
The Secretary of State for Work and Pensions has reviewed the general level of prices in Great Britain in accordance with section 148AD(1) of the Social Security Administration Act 19921.
It appears to the Secretary of State that relevant debits or credits2 have not, during the review period, maintained their value in relation to the general level of prices.
The Secretary of State makes the following Order in exercise of the powers conferred by sections 148AD(2) and (3) and 189(4) of the Social Security Administration Act 19923.
Citation and commencement1
This Order may be cited as the State Pension Debits and Credits (Revaluation) Order 2017 and comes into force on 10th April 2017.
The increase in the amount of relevant debits or credits2
For the purposes of paragraph 3 of each of Schedules 8 and 10 to the Pensions Act 20144 (pension sharing: appropriate weekly rate and reduction), the amount of relevant debits or credits for the tax year specified in the first column of the table set out in the Schedule to this Order is to be increased by the percentage of their amount specified by the corresponding entry in the second column.
Signed by authority of the Secretary of State for Work and Pensions
SCHEDULEPercentage increase of the amounts of relevant debits and credits for the specified tax year
Tax year | Percentage increase |
---|---|
2016-2017 | 1.0 |
(This note is not part of the Order)