PART 4: STATUTORY PAYMENTS
• Graduated Retirement Benefit - dependent upon NI contributions paid between 1961 and 1975.
Widowed or divorced contributor - contributions of a former spouse may provide a better pension entitlement, and in such cases the forecast will give details. COPYRIGHT © 2021 THE CHARTERED INSTITUTE OF PAYROLL PROFESSIONALS Form BR19 should be completed and forwarded to: Newcastle Pension Centre, Futures Group The Pension Service 9, Mail Handling Site A, Wolverhampton, WV98 1LU. A full record of NI contributions and the state pension forecast is now part of the digital personal tax account (PTA). All taxpayers have a new PTA whilst some 14m are regular users of the account. State pension - Graduated Retirement Benefit (GRB) Introduced in April 1961 to provide an additional benefit to the basic state pension. Contributions were based on income to a maximum threshold (1961 @ £15 to 1975 @ £62) the scheme closed in April 1975. Contributions purchased ‘units’ at the rate of £7.50 (men) and £9 (women). The maximum number of units per contributor being, 86 (men) and 77 (women). In the case of contracted-out employees, 48 units and 40 units respectively. The benefit is calculated in addition to, and paid together with, the basic state pension at a fixed weekly rate per unit, and rates are up-lifted annually. Widows and Widowers (whose partner deceased after 5th April 1979), receive half their partner’s pension on the death of the contributory partner. The annual % increase is also applied to increases for deferred retirement.
Graduated Retirement Benefit
Weekly rate per unit from 8th April 1997
GRB pence per unit No printing, copying or reproduction permitted. Annual increase % Date from GRB pence per unit 8.11 8.40 2.1 3.6 2004 2010 9.63 11.53 11.89 8.67 8.77 3.2 1.1 2011 2012 12.51 12.79 9.06 9.21 3.3 1.7 2013 2014 13.14 13.30 9.37 9.63 1.7 2.8 2015 2016 13.30 13.43 9.93 9.93 3.1 2.7 2017 2018 13.83 14.16 10.57 10.98 3.6 3.9 2019 2020 14.40 14.47 11.53 3.0 2021
Annual increment%
Date from
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
2.8 0.0 3.1 5.2 3.5 2.7 1.2 0.0 1.0 1.0 2.4 1.7 1.7
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