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47169

registered interest
date	07/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many people made the maximum allowed contribution to an ISA in each of the last three years; and how many he estimates will do so in each of the next three years as a result of changes announced in the 2014 Budget.
tabling member constituency	Cumbernauld, Kilsyth and Kirkintilloch East
tabling member printed	Gregg McClymont
uin	195422
answer	answer is ministerial correction date of answer 10/04/2014 answer text <p>HM TREASURY</p><p> </p><p> </p><p> </p><p>Gregg McClymont MP</p><p> </p><p><strong>CUMBERNAULD, KILSYTH AND KIRKINTILLOCH EAST</strong></p><p> </p><p>To ask Mr Chancellor of the Exchequer, how many people made the maximum allowed contribution to an ISA in each of the last three years; and how many he estimates will do so in each of the next three years as a result of changes announced in the 2014 Budget. 195422</p><p> </p><p>DAVID GAUKE</p><p>In 2010-11, around 1.2 million individuals made full use of their (£10,200) ISA allowance. Figures for more recent years are not yet available.</p><p> </p><p>As announced at Budget 2014, from 1 July 2014 the overall annual New ISA subscription limit will be increased to £15,000 and can be used for either cash or stocks and shares investments, or any combination of the two, up to this limit. Over 6 million people are expected to benefit from these increases, including over 5 million adults currently making full use of the cash ISA limit.</p><p> </p><p>Estimates of the numbers of individuals expected to save at the new limit in each of the next three years are not available.</p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 10/04/2014 12:00:00 answering member 1529 label Biography information for Mr David Gauke
tabling member	3949 label Biography information for Gregg McClymont

47170

registered interest
date	07/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will publish an impact assessment of planned changes to pensions from 2015 as announced in the 2014 Budget.
tabling member constituency	Cumbernauld, Kilsyth and Kirkintilloch East
tabling member printed	Gregg McClymont
uin	195423
answer	answer is ministerial correction date of answer 10/04/2014 answer text <p>HM TREASURY</p><p> </p><p> </p><p> </p><p>MP Gregg McClymont MP</p><p> </p><p><strong>CUMBERNAULD, KILSYTH AND KIRKINTILLOCH EAST</strong></p><p> </p><p>To ask Mr Chancellor of the Exchequer if he will publish an impact assessment of planned changes to pensions from 2015 as announced in the 2014 Budget 195423</p><p> </p><p>DAVID GAUKE</p><p>The expected Exchequer impacts over the forecast period of the changes made to private pensions taxation as announced at Budget 2014 were included in the Taxes Information and Impact Note “Increasing Pension Flexibility” published on 19 March 2014 and can be found in Table 2.1 (p.56) of the Red Book.</p><p> </p><p>The Treasury announced in paragraph 1.13 of “Freedom of Choice in Pensions” that “it intends to publish draft legislation for a short technical consultation prior to the introduction of the legislation that will enact the changes from April 2015”. A consultation impact assessment will be published alongside this draft legislation.</p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 10/04/2014 12:00:00 answering member 1529 label Biography information for Mr David Gauke
tabling member	3949 label Biography information for Gregg McClymont

47367

registered interest
date	07/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what comparative analysis he has carried out of the effects of the changes to pensions set out in the 2014 Budget on men and women.
tabling member constituency	Cumbernauld, Kilsyth and Kirkintilloch East
tabling member printed	Gregg McClymont
uin	195427
answer	answer is ministerial correction date of answer 10/04/2014 answer text <p>HM TREASURY</p><p> </p><p> </p><p> </p><p>Gregg McClymont MP</p><p> </p><p><strong>CUMBERNAULD, KILSYTH AND KIRKINTILLOCH EAST</strong></p><p> </p><p>To ask Mr Chancellor of the Exchequer, what comparative analysis he has carried out of the effects of the changes to pensions set out in the 2014 Budget on men and women. [195427]</p><p> </p><p>DAVID GAUKE</p><p>At Budget 2014 the Chancellor announced changes which increase the flexibility of pensions, some of which took effect on 27<sup>th</sup> March 2014.</p><p> </p><p>The increases to the small pot and trivial commutation limits are believed to benefit women proportionately more than men, as they are more likely to have smaller pension wealth. Reducing the minimum income requirement for flexible drawdown is also expected to have a disproportionate impact on women, as they are less likely to have a large pension pot than men.</p><p>HMRC's Tax Information and Impact Note presents further information on the estimated impacts of the 2014 changes:</p><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/293844/TIIN_8070_8062_8202_8132_8133_increasing_pension_flexibility.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/293844/TIIN_8070_8062_8202_8132_8133_increasing_pension_flexibility.pdf</a></p><p> </p><p>The proposed 2015 changes will enable individuals to access their defined contribution pension savings as they wish at the point of retirement, subject to their marginal rate of income tax (rather than the current 55% charge for full withdrawal). The changes the Government proposes will entitle everyone to full flexibility regardless of their gender.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 10/04/2014 12:00:00 answering member 1529 label Biography information for Mr David Gauke
tabling member	3949 label Biography information for Gregg McClymont

46192

registered interest
date	01/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many people have been issued demand notices for unpaid tax in each of the last five years.
tabling member constituency	Cumbernauld, Kilsyth and Kirkintilloch East
tabling member printed	Gregg McClymont
uin	194790
answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>HMRC does not hold data on the total number of letters issued demanding payment of an established and overdue tax debt over the last five years.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 09/04/2014 12:00:00 answering member 1529 label Biography information for Mr David Gauke
tabling member	3949 label Biography information for Gregg McClymont

46201

registered interest
date	01/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what plans he has to amend rules on the deliberate deprivation of capital used in the means test for social care funding as a consequence of the planned changes to pensions from 2015.
tabling member constituency	Cumbernauld, Kilsyth and Kirkintilloch East
tabling member printed	Gregg McClymont
uin	194792
answer	answer is ministerial correction date of answer 08/04/2014 answer text <p>This measure fundamentally changes the way that people can access their retirement savings, and so depending on the decisions they make, people may increase or decrease their chances of being eligible for means tested services at some point in their retirement. We will ensure that the relevant guidance, including where necessary the guidance on deliberate deprivation of capital, is updated before the new flexibilities are implemented in April 2015.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 08/04/2014 12:00:00 answering member 1529 label Biography information for Mr David Gauke
tabling member	3949 label Biography information for Gregg McClymont

46202

registered interest
date	01/04/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many people have been issued demand notices for unpaid tax since the introduction of the £50,000 maximum tax relief on pensions contributions in April 2011.
tabling member constituency	Cumbernauld, Kilsyth and Kirkintilloch East
tabling member printed	Gregg McClymont
uin	194791
answer	answer is ministerial correction date of answer 08/04/2014 answer text <p>HMRC does not hold data on the total number of letters issued demanding payment of an established and overdue tax debt since April 2011. Each taxpayer with an established and overdue debt may receive several letters requesting payment.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 08/04/2014 12:00:00 answering member 1529 label Biography information for Mr David Gauke
tabling member	3949 label Biography information for Gregg McClymont