Proceeding contribution from Baroness Hollis of Heigham (Labour) in the House of Lords on Monday, 14 July 2008. It occurred during Committee of the Whole House (HL) and Debate on bill on Pensions Bill.
Pensions Bill
At that time, they were almost entirely higher-rate taxpayers because they were the only ones who possessed such sums. Obviously the tax privilege would be considerably less. My estimate is that it would now be between 35 and 50 per cent on average if we included basic-rate taxpayers—for example, the woman on average earnings who will over the course of a few years find herself with a pot which is much larger than necessary to float her off income-related benefits.
Secondary information
- Type
- Proceeding contribution
- Reference
- 703 c1016
- Session
- 2007-08
- Chamber / Committee
- House of Lords chamber
- Subjects
- Compensation Companies Annuities Competition Administrative delays Equality Health Eligibility Gender Income tax Divorce Insolvency Discrimination Financial assistance scheme Index linking Private sector Workplace pensions Pensions Lump sum payments Pension Protection Fund PAYE Scotland State retirement pensions Regulation Taxation Retirement State earnings related pension scheme Pensions Regulator Private equity Civil partnerships dissolution State second pension Impact assessments
- Legislation
- Pensions Bill 2007-08
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-16 00:10:29 +0000
- URI
- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_492097
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