Proceeding contribution from James Purnell (Labour) in the House of Commons on Wednesday, 18 April 2007. It occurred during Debate on bill on Pensions Bill.
Pensions Bill
Yes, if the hon. Gentleman can tell me what tax and benefit policy will be for the next 50 years. So far there is very little interaction between FAS payments and pension credits. Very few of the current recipients get pension credits, so that will not reduce the cost significantly. The difference for the payments that I set out earlier is the additional £2.7 billion, which in net present value terms is about £600 million, or an increase of a third in the current scheme.
Secondary information
- Type
- Proceeding contribution
- Reference
- 459 c331
- Session
- 2006-07
- Chamber / Committee
- House of Commons chamber
- Subjects
- Compensation Carers Assets Age Annuities Eligibility Insolvency Financial assistance scheme Pension credit Personal savings Low incomes Protection Pay Workplace pensions Pensions Payments Personal pensions Means-tested benefits Pension funds Pension Protection Fund Pension rights State retirement pensions Reform Uprating Personal Accounts Delivery Authority State second pension
- Legislation
- Pensions Bill 2006-07
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 11:34:46 +0000
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