Pensions Act 2007

The Pensions Act 2007 (c 22) is an Act of the Parliament of the United Kingdom. It incorporated the main findings of the all-party Pensions Commission in 2006 as set out in the white paper Security in retirement: towards a new pension system published in May 2006.

The key provisions were:
 * 1) Reduction of the qualifying years for a full basic State Pension from 44 years for men and 39 years for women to 30 years for both.
 * 2) Linking cost of living increases to earnings rather than prices.
 * 3) changing the contribution conditions for basic State Pension so that it is easier for everyone to build up some entitlement.
 * 4) replacing Home Responsibilities Protection (HRP) with a new system of weekly credits for parents and carers
 * 5) Raising the pension age for women to 65 by 2020.
 * 6) Raising the pension age for both women and men from 65 to 68 between 2024 and 2046.
 * 7) Introducing national insurance credits for parents and carers so that they can build up some entitlement to the additional State Pension.
 * 8) End of the option to contract out of the additional State Pension.

Modifications to this were made in the Pensions Act 2008.