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Pensions Act 2014

Part 4 – State pension credit

36.This Part contains two measures relating to the assessed income period (AIP) in state pension credit claims. The AIP is a feature of state pension credit that removes the requirement for certain individuals to notify the Department for Work and Pensions of changes to their retirement provision (broadly defined as capital, annuities and non-state pensions) for a defined period, for the purposes of assessing their entitlement to state pension credit.

37.The first measure provides for the phasing out of the AIP in state pension credit cases from April 2016.

38.The second measure repeals existing legislation in the PA 2008 to ensure that indefinite AIPs set before 6 April 2014 will continue beyond that date.

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