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Proceeding contribution from Baroness Howe of Idlicote (Crossbench) in the House of Lords on Monday, 23 June 2008. It occurred during Committee of the Whole House (HL) and Debate on bill on Pensions Bill.


Pensions Bill

Having listened to the noble Baroness, I am very attracted by this concept. As a probing amendment, it has that flexibility, which anyhow is reflected throughout the Bill and, indeed, throughout the Turner report, that makes life so much easier, particularly for women, who have this rather different lifestyle. I hope that it will be looked at very sympathetically. I have a query as to how often this could happen for one person because presumably it would be tax free. If you went out and, if you were lucky enough to be earning enough, came back into the scheme and opted out again for another crisis, how often would this be allowable? If those queries can be answered, and with the support one hopes it would get from industry and commerce, it would indeed be a very interesting concept to float and to try to get some answers for.


Secondary information

Type
Proceeding contribution
Reference
702 c1277 
Session
2007-08
Chamber / Committee
House of Lords chamber
Subjects
Women Gender Financial Services Authority Index linking Individual savings accounts Personal savings Pay Workplace pensions Pensions Lump sum payments Migrant workers State retirement pensions Regulation Tax allowances Average earnings Pensions Regulator Occupational money purchase schemes National employment savings trust scheme
Legislation
Pensions Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk