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To ask the Secretary of State for Work and Pensions, in the context of proposed reductions in levies charged by the Pension Protection Fund, whether he has made an assessment of the potential merits of maintaining levies and allocating any surplus to provide inflation protection to defined benefits pension rights...
To ask the Secretary of State for Work and Pensions, in the context of proposed reductions in levies charged by the Pension Protection Fund, whether he has made an assessment of the potential merits of maintaining levies and allocating any surplus to provide inflation protection to defined benefits pension rights...
Operational decisions about the Pension Protection Fund (PPF) levy are a matter for the Board of the PPF. The Secretary of State has made no assessment of potential merits to maintain the levies raised by the PPF, and re-allocating any surplus to provide inflation protection.
To ask the Secretary of State for Work and Pensions, what discussions her Department has had with HMRC on its investigation of tax rule breaches arising from pension scams.
To ask the Secretary of State for Work and Pensions, what discussions her Department has had with HMRC on its investigation of tax rule breaches arising from pension scams.
Tax liabilities relating to unauthorised payments and HMRC’s investigation of tax rules arising from pension scams are the responsibility of HMT. DWP will continue to work closely with HMRC to understand their position and how these may impact the Pensions Schemes Bill and savers.
Government continues to work with regulators and industry to protect consumers and find the best ways of preventing pension scams. HMRC and DWP have held regular discussions relating to the enhanced protection measures in the Pension Scheme Bill 2020.
I sincerely hope that my hon. Friend does not work until he drops, but I take his main point that people are retiring older. As part of the policy of continually reducing taxation on people, I am sure that the Treasury will be looking at the matter in future. With pension freedoms and the tax-free element that pensioners enjoy, the good news is that there is much more scope for pensioners to do the kind of thing he mentions.
I sincerely hope that my hon. Friend does not work until he drops, but I take his main point that people are retiring older. As part of the policy of continually reducing taxation on people, I am sure that the Treasury will be looking at the matter in future. With pension freedoms and the tax-free element that pensioners enjoy, the good news is that there is much more scope for pensioners to do the kind of thing he mentions.
These days, many more people seem to be working until they are much older, and few things are more depressing than such people retiring after having worked and put into their private pensions and then getting hammered with taxation until they drop. Is the Department in discussions with the Chancellor about imaginative ways of rewarding people who have worked all their lives and have just done the right thing?
These days, many more people seem to be working until they are much older, and few things are more depressing than such people retiring after having worked and put into their private pensions and then getting hammered with taxation until they drop. Is the Department in discussions with the Chancellor about imaginative ways of rewarding people who have worked all their lives and have just done the right thing?
These days, many more people seem to be working until they are much older, and few things are more depressing than such people retiring after having worked and put into their private pensions and then getting hammered with taxation until they drop. Is the Department in discussions with the Chancellor about imaginative ways of rewarding people who have worked all their lives and have just done the right thing?
I sincerely hope that my hon. Friend does not work until he drops, but I take his main point that people are retiring older. As part of the policy of continually reducing taxation on people, I am sure that the Treasury will be looking at the matter in future. With pension freedoms and the tax-free element that pensioners enjoy, the good news is that there is much more scope for pensioners to do the kind of thing he mentions.
I will be brief on this amendment because I share the concern of my noble friend Lady Hollis about the previous amendment, and I do not want to delay the Treasury Minister stamping his feet to get it sorted out as soon as possible.
This group contains amendments which, in their...
I will be brief on this amendment because I share the concern of my noble friend Lady Hollis about the previous amendment, and I do not want to delay the Treasury Minister stamping his feet to get it sorted out as soon as possible.
This group contains amendments which, in their...
Letter dated 06/01/2015 from Steve Webb MP to Baroness Thomas of Winchester regarding the Pension Schemes Bill and the Delegated Powers and Regulatory Reform Committee report. 4 p.
Letter dated 06/01/2015 from Steve Webb MP to Baroness Thomas of Winchester regarding the Pension Schemes Bill and the Delegated Powers and Regulatory Reform Committee report. 4 p.
Letter dated 19/11/2014 from Steve Webb MP to Members of the Work and Pensions Select Committee and the Financial Secretary to the Treasury regarding amendments to the Pension Schemes Bill 2014-15. 4p.
Letter dated 19/11/2014 from Steve Webb MP to Members of the Work and Pensions Select Committee and the Financial Secretary to the Treasury regarding amendments to the Pension Schemes Bill 2014-15. 4p.
Budget debate (fourth day): work and pensions. Motion on amendment to the law, agreed to on division (305 to 252).
Budget debate (fourth day): work and pensions. Motion on amendment to the law, agreed to on division (305 to 252).
My hon. Friend talks about a Budget for the doers. Yesterday I met three young people in my constituency aged 22, 24 and 23 who had never had proper long-term jobs because they had worked for agencies and on zero-hours contracts. If the Chancellor cared about doers and young people,...
My hon. Friend talks about a Budget for the doers. Yesterday I met three young people in my constituency aged 22, 24 and 23 who had never had proper long-term jobs because they had worked for agencies and on zero-hours contracts. If the Chancellor cared about doers and young people,...
I thank my hon. Friend for that intervention. As he knows, Labour’s compulsory jobs guarantee would benefit people exactly like the young people he met in Corby. It would guarantee a job for every young person who has been out of work for a year, giving them real hope and...
I thank my hon. Friend for that intervention. As he knows, Labour’s compulsory jobs guarantee would benefit people exactly like the young people he met in Corby. It would guarantee a job for every young person who has been out of work for a year, giving them real hope and...
If things are going as swimmingly as the Government wish us to believe, is my hon. Friend as concerned as I am about the numbers of people getting into personal debt trying to make ends meet, and about all the evidence that shows that personal debt will rise, not fall,...
If things are going as swimmingly as the Government wish us to believe, is my hon. Friend as concerned as I am about the numbers of people getting into personal debt trying to make ends meet, and about all the evidence that shows that personal debt will rise, not fall,...
My hon. Friend speaks knowledgably not only of what she sees in her constituency of Walthamstow, but of what she hears when talking to others about the impact of payday lenders and debt on many of our communities.
My hon. Friend speaks knowledgably not only of what she sees in her constituency of Walthamstow, but of what she hears when talking to others about the impact of payday lenders and debt on many of our communities.
The hon. Lady has mentioned her jobs guarantee, which Labour has said will involve the private sector. Which companies have actually signed up to it?
The hon. Lady has mentioned her jobs guarantee, which Labour has said will involve the private sector. Which companies have actually signed up to it?
The compulsory jobs guarantee, which will last for the full five years of the next Parliament, will be based on what we have seen with the jobs growth Wales programme, whereby 80% of the jobs are in the private sector. A couple of weeks ago, the shadow Minister for employment—my...
The compulsory jobs guarantee, which will last for the full five years of the next Parliament, will be based on what we have seen with the jobs growth Wales programme, whereby 80% of the jobs are in the private sector. A couple of weeks ago, the shadow Minister for employment—my...
Does my hon. Friend agree that one of the biggest indictments of this Government and the Budget is the way in which they have adjusted taxation such that women will fund the bulk of the £14 billion the Government have to save? Women will have to save £11 billion—that is...
Does my hon. Friend agree that one of the biggest indictments of this Government and the Budget is the way in which they have adjusted taxation such that women will fund the bulk of the £14 billion the Government have to save? Women will have to save £11 billion—that is...
My hon. Friend makes an important point: women are disproportionately hit by the changes introduced by this Government and are struggling with the rising cost of living more than anybody in this country. Moreover, the increasing costs of child care under this Government are making it harder for working parents,...
My hon. Friend makes an important point: women are disproportionately hit by the changes introduced by this Government and are struggling with the rising cost of living more than anybody in this country. Moreover, the increasing costs of child care under this Government are making it harder for working parents,...
We are the party who have said that we will cut the winter fuel allowance for the richest pensioners and means-test that benefit to save money,
but Government Members do not support that. The reality is that we are the party who are willing to take tough decisions to get...
We are the party who have said that we will cut the winter fuel allowance for the richest pensioners and means-test that benefit to save money,
but Government Members do not support that. The reality is that we are the party who are willing to take tough decisions to get...
I think I am grateful to the hon. Lady for giving way. Given that I have been listening for 12 minutes to her critique of my right hon. Friend the Chancellor’s Budget, why is it that her party has come out saying it will support so many of its measures?...
I think I am grateful to the hon. Lady for giving way. Given that I have been listening for 12 minutes to her critique of my right hon. Friend the Chancellor’s Budget, why is it that her party has come out saying it will support so many of its measures?...
The right hon. Gentleman will not have to wait too long: at 7 pm, he will find out how we will vote on the different measures. Let us be clear: what matters most of all is what was omitted from last week’s Budget, including a compulsory jobs guarantee, a cap...
The right hon. Gentleman will not have to wait too long: at 7 pm, he will find out how we will vote on the different measures. Let us be clear: what matters most of all is what was omitted from last week’s Budget, including a compulsory jobs guarantee, a cap...
indicated assent.
indicated assent.