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Proceeding contribution from Lord McKenzie of Luton (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

moved Amendments Nos. 130ZZG to 130ZZL: 130ZZG: Schedule 3, page 69, line 32, leave out from ““date”””” to end of line 36 and insert ““means the first day of the flat rate introduction year.”” 130ZZH: Schedule 3, page 69, line 37, leave out ““The consolidated amount”” and insert— ““1A The Secretary of State must, in accordance with the following provisions of this Schedule, calculate an amount representing the weekly rate of the additional pension in a pensioner’s Category A retirement pension in relation to tax years before the flat rate introduction year. 1B The Secretary of State must comply with paragraph 1A before the pensioner attains pensionable age. 1C The calculation under paragraph 1A shall be treated for the purposes of Chapter 2 of Part 1 of the Social Security Act 1998 (c.14) (social security decisions and appeals) as a decision under section 8 of that Act. 1D The amount to be calculated under paragraph 1A”” 130ZZJ: Schedule 3, page 70, line 17, leave out ““paragraph 3 or 4”” and insert ““paragraph 1A”” 130ZZK: Schedule 3, page 70, line 24, leave out ““uprated”” and insert ““revalued”” 130ZZL: Schedule 3, page 70, line 25, leave out from first ““the”” to end of line 26 and insert ““sum of the following amounts— (a) the amount calculated under paragraph 1A; (b) that amount multiplied by the revaluing percentage specified in the last order under section 148AB of the Administration Act to come into force before the beginning of the tax year in which the pensioner attains pensionable age.”” On Question, amendments agreed to. Schedule 3, as amended, agreed to.


Secondary information

Type
Proceeding contribution
Reference
703 c1035 
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