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.

All labels observed (1)

Label Occurrences
nSP canonical 1

How this entity was disambiguated

Statements (45)

Predicate Object
instanceOf social security benefit ⓘ
state pension system ⓘ
administeredBy Department for Work and Pensions ⓘ
administeredIn England ⓘ
Northern Ireland ⓘ
Scotland ⓘ
Wales ⓘ
appliesInLegalSystem English law ⓘ
Northern Ireland law ⓘ
Scots law ⓘ
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 ⓘ
fundingModel pay-as-you-go ⓘ
governedBy UK pensions legislation ⓘ
hasPredecessor State Second Pension ⓘ
basic State Pension ⓘ
indexation triple lock policy (subject to government decisions) ⓘ
introducedBy UK coalition government (2010–2015) ⓘ
introducedOn 2016-04-06 ⓘ
isAbbreviationFor New State Pension ⓘ
jurisdiction United Kingdom ⓘ
languageOfOfficialInformation English ⓘ
Welsh ⓘ
legislatedBy Pensions Act 2014 ⓘ
paidBy UK government ⓘ
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 ⓘ
linked to: State Pension
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 ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.