Parliamentary Search

Proceeding contribution from Lord McKenzie of Luton (Labour) in the House of Lords on Tuesday, 17 June 2008. It occurred during Committee of the Whole House (HL) and Debate on bill on Pensions Bill.

Pensions Bill

I thought that was the import of the amendment, which means I can probably disregard most of my script; it was written on the basis that the amendment would enable people who opted in because they did not have qualifying earnings to bring with them an employer contribution. I should put our response to that on record in any event. If you were to do that, you would effectively have to lower the starting point right across the piece, which would be incredibly expensive for employers—something like £1.9 billion extra each year in terms of employer contributions.

Secondary information

Type
Proceeding contribution
Reference
702 c1000 
Session
2007-08
Chamber / Committee
House of Lords chamber
Subjects
Conditions of employment Directors Age Contributions Advisory services Women Liability Income tax Information Employment agencies Pensioners Personal savings Pay Workplace pensions Pensions National insurance contributions Pension funds Low pay Temporary employment State retirement pensions Young people Small businesses Tax allowances Repayments Taxation Tax rates and bands National employment savings trust scheme
Legislation
Pensions Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk