Proceeding contribution from Baroness Noakes (Conservative) in the House of Lords on Wednesday, 2 July 2008. It occurred during Committee of the Whole House (HL) and Debate on bill on Pensions Bill.
Pensions Bill
As to the advantages of putting pots of money into something like a personal account scheme, there are no tax advantages compared with ISAs. In fact there is a big disadvantage in that, having put it in, you can get out only 25 per cent as cash; the rest you have to take as an annuity. So it is a restriction and it may not be advisable to lead people to think that that is where they should put their money. Has the noble Baroness thought about that?
Secondary information
- Type
- Proceeding contribution
- Reference
- 703 c286
- Session
- 2007-08
- Chamber / Committee
- House of Lords chamber
- Subjects
- Conditions of employment Audit Advisory services Conflict of interests Government assistance Low incomes Public appointments Workplace pensions Pensions Non-departmental public bodies Unfair dismissal Pensions Advisory Service National employment savings trust scheme
- Legislation
- Pensions Bill 2007-08
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2025-01-13 12:49:57 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_489470
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