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Written question asked by Lord Austin of Dudley (Labour) on Tuesday, 24 April 2012, in the House of Commons. It was due for an answer on Thursday, 26 April 2012. It was answered by Steve Webb (Liberal Democrat) on Monday, 30 April 2012 on behalf of the Department for Work and Pensions.


Pensions

Question
To ask the Secretary of State for Work and Pensions (1) what savings will accrue to the public purse from the abolition of savings credit for new pensioners in each fiscal year from 2015-16 to 2019-20;
Answer

As announced by the Chancellor in his Budget, I can confirm that we will bring forward further detail on the reform of the state pension in a White Paper to be published later in the spring, along with a full impact assessment as part of the normal process. Final decisions on the detailed implementation of the policy will be made at the next spending review.


Secondary information

Type
Written question
Reference
105919; 543 c1324W
Session
2010-12
Subjects
Pensions
Link
View this Written question on www.publications.parliament.uk12050176000911