Written question asked by Michael Neubert (Conservative), in the House of Commons. It was due for an answer on Tuesday, 28 January 1997. It was answered by Oliver Heald (Conservative) on Tuesday, 28 January 1997 on behalf of the Department of Social Security.

Dept of Social Security

Question: What assessment he has made of the effect of the introduction of a higher guaranteed minimum income for pensioners on incentives to save. (Failed OPQ

Answer: Sir Michael Neubert: To ask the Secretary of State for Social Security what assessment he has made of the effect of the introduction of a higher guaranteed minimum income for pensioners on incentives to save. [11383] Mr. Heald: Any means-tested income scheme for pensioners at a significantly higher level than income support would weaken any incentives for individuals to make their own provision for retirement and penalise those who do so.

Secondary information