nSP
E510406
nSP is the commonly used abbreviation for the United Kingdom’s New State Pension system introduced for people reaching State Pension age on or after 6 April 2016.
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf |
social security benefit
ⓘ
state pension system ⓘ |
| administeredBy | Department for Work and Pensions NERFINISHED ⓘ |
| administeredIn |
England
NERFINISHED
ⓘ
Northern Ireland NERFINISHED ⓘ Scotland NERFINISHED ⓘ Wales NERFINISHED ⓘ |
| appliesInLegalSystem |
English law
ⓘ
Northern Ireland law ⓘ Scots law NERFINISHED ⓘ |
| appliesTo | people reaching State Pension age on or after 6 April 2016 ⓘ |
| benefitCategory | old-age pension ⓘ |
| benefitType | contributory pension ⓘ |
| componentStructure | single-tier pension ⓘ |
| country | United Kingdom ⓘ |
| currency | Pound sterling ⓘ |
| eligibilityCriterion |
having qualifying National Insurance contributions or credits
ⓘ
reaching State Pension age on or after 6 April 2016 ⓘ |
| fullName | New State Pension NERFINISHED ⓘ |
| fundingModel | pay-as-you-go ⓘ |
| governedBy | UK pensions legislation ⓘ |
| hasPredecessor |
State Second Pension
NERFINISHED
ⓘ
basic State Pension ⓘ |
| indexation | triple lock policy (subject to government decisions) ⓘ |
| introducedBy | UK coalition government (2010–2015) NERFINISHED ⓘ |
| introducedOn | 2016-04-06 ⓘ |
| isAbbreviationFor | New State Pension NERFINISHED ⓘ |
| jurisdiction | United Kingdom ⓘ |
| languageOfOfficialInformation |
English
ⓘ
Welsh ⓘ |
| legislatedBy | Pensions Act 2014 NERFINISHED ⓘ |
| paidBy | UK government NERFINISHED ⓘ |
| paymentFrequency | weekly ⓘ |
| paymentMethod | cash benefit ⓘ |
| pensionAgeLinkedTo | State Pension age ⓘ |
| policyGoal |
improve adequacy of retirement income for some groups
ⓘ
simplification of State Pension system ⓘ |
| reformOf | UK State Pension system NERFINISHED ⓘ |
| replaced |
State Second Pension (S2P) for new pensioners
ⓘ
basic State Pension system for new pensioners ⓘ |
| requires | National Insurance record ⓘ |
| shortName | nSP ⓘ |
| startDate | 2016-04-06 ⓘ |
| targetGroup |
eligible UK residents
ⓘ
retired individuals ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.