The State Pension Debits and Credits (Revaluation) Order 2021

• Citation: S.I. 2021/1319
• Sections: 2

Section 1 Citation and commencement

(1) This Order may be cited as the State Pension Debits and Credits (Revaluation) Order 2021.

(2) This Order comes into force on—

(a) 22nd December 2021 for the purpose of making an award on a claim for a state pension under regulation 15(1) of the Social Security (Claims and Payments) Regulations 1987 (advance notice of retirement and claim for and award of pension) to a person who reaches pensionable age on or after 12th April 2022; and

(b) 11th April 2022 for all other purposes.

(3) In this article “ a state pension ” means a state pension under Part 1 of the Pensions Act 2014.

Section 2 Increase in the amount of relevant debits or credits

For the purposes of paragraph 3 of each of Schedules 8 and 10 to the Pensions Act 2014 (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 in the corresponding entry in the second column.