Parliamentary Search

Proceeding contribution from Baroness Hollis of Heigham (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

Does my noble friend have access to any formal projection of stats on this? I can see why it may happen, but I am not persuaded that the loss in cleanliness of structure is necessarily worth the worries that he suggested. It would be very helpful for my noble friend to provide forward projections on the increasing non-alignment of this cap, as against the alignment of the UEL with the upper tax threshold, so that we can see how they begin to diverge, particularly given that a £3,600 cap on 8 per cent contributions cashes out at about £45k, I think. That should provide plenty of head space for the sort of alignments that the noble Baroness was talking about. Can my noble friend help by writing to us more fully?

Secondary information

Type
Proceeding contribution
Reference
702 c1013-4 
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