PART 4: STATUTORY PAYMENTS
Bank of England Base Rate from 8th September 1999
Date from Rate % Date from Rate % Date from Rate %
08/09/1999 COPYRIGHT © 2021 THE CHARTERED INSTITUTE OF PAYROLL PROFESSIONALS 5.25 06/11/2003 3.75 10/04/2008 5.00 04/11/1999 5.50 05/02/2004 4.00 08/10/2008 4.50 13/01/2000 5.75 06/05/2004 4.25 06/11/2008 3.00 10/02/2000 6.00 10/06/2004 4.50 04/12/2008 2.00 08/02/2001 5.75 05/08/2004 4.75 08/01/2009 1.50 04/04/2001 5.50 04/08/2005 4.50 05/02/2009 1.00 08/05/2001 5.25 03/08/2006 4.75 05/03/2009 0.50 02/08/2001 5.00 09/11/2006 5.00 04/08/2016 0.25 18/09/2001 4.75 11/01/2007 5.25 02/11/2017 0.50 04/10/2001 4.50 10/05/2007 5.50 02/08/2018 0.75 08/11/2001 4.00 05/07/2007 5.75 11/03/2020 0.25 06/02/2003 3.75 06/12/2007 5.50 19/03/2020 0.10 10/07/2003 3.50 07/02/2008 5.25 State pension - deficiency notice A statement issued by HMRC eighteen months after the end of the relevant tax year advising contributors to the State Pension that National Insurance Contributions credited in a specific year will be insufficient to guarantee maximum future provision. Future benefit may be improved by payment of additional voluntary Class 3 (or from 2015 Class 3a) National Insurance Contributions – see PART 3 . Prior to 1998 Deficiency Notices were issued at the end of each financial year informing contributors where contributions credited throughout the year were not sufficient to make that year count towards the Basic State Pension, and to advise whether voluntary contributions would be appropriate. Notices were not issued between 1996/1997 and 2001/2002 and rules have been relaxed to enable contributors to redress any deficiency. From 2005/2006 onwards the annual production of notices recommenced. No printing, copying or reproduction permitted. State pension equalisation State pension ages have been unequal since 1940. Until April 2010 women had the right to claim pensions at age 60 whereas men had to wait until age 65. The Pensions Act 1995 made provision for equalising the age at which pension entitlements fall due for both men and women on reaching age 65 by the year 2020 (now accelerated to December 2018) and 66 by April 2020. This was due to the requirement for progressive implementation of equal treatment in social
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