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In force since 2024-11-21, as the publisher states.
Copy read on 2026-11-10. The page it was read from
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.
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4 provisions
Title and introductory text
2024 No. 1208
SOCIAL SECURITY
The State Pension Debits and Credits (Revaluation) Order 2024
Made
21st November 2024
Laid before Parliament
25th November 2024
Coming into force in accordance with article 1(2)
The Secretary of State has reviewed the general level of prices in Great Britain in accordance with section 148AD(1) of the Social Security Administration Act 1992.
The Secretary of State has had regard to the earlier orders under that section, and it appears to the Secretary of State that relevant debits or credits have not, during the review period, maintained their value in relation to the general level of prices.
Accordingly the Secretary of State makes the following Order in exercise of the powers conferred by sections 148AD(2) and (3) and 189(1) and (4) of the Social Security Administration Act 1992.
Propose a change1 Citation, commencement and extent
(1) This Order may be cited as the State Pension Debits and Credits (Revaluation) Order 2024.
(2) This Order comes into force on—
(a) 17th December 2024 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 8th April 2025, and
(b) 7th April 2025 for all other purposes.
(3) This Order extends to England and Wales and Scotland.
(4) In this article “a state pension” means a state pension under Part 1 of the Pensions Act 2014.
Propose a change2 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 are to be increased by the percentage of their amount specified in the corresponding entry in the second column.
Propose a changeSchedule Percentage increase of the amounts of relevant debits or credits for the specified tax years
Article 2
Tax year | Percentage increase
2016-2017 | 34.1
2017-2018 | 32.8
2018-2019 | 28.9
2019-2020 | 25.9
2020-2021 | 23.8
2021-2022 | 23.2
2022-2023 | 19.5
2023-2024 | 8.5
2024-2025 | 1.7
Propose a change