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1128071
star this property registered interest false more like this
unstar this property date remove maximum value filtermore like thismore than 2019-05-22
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading National Insurance Contributions: Pensioners more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government whether they have made an estimate of the revenue which could be raised if the exemption from employee and employer's national insurance contributions for people above pensionable age was removed; and if so, what is that estimate. more like this
star this property tabling member printed
Lord Forsyth of Drumlean more like this
star this property uin HL15920 remove filter
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-06-06more like thismore than 2019-06-06
star this property answer text <p>The “Estimated costs of principal tax reliefs” publication, sets out an estimate of the cost of the exemption of those over State pension age from paying National Insurance. It is estimated that the cost of this exemption is approximately £1.1bn in 2018-19. The estimates do not allow for any behavioural changes as a result of the reliefs. In practice if a relief was withdrawn, taxpayers’ behaviour would be likely to alter so that the actual yield could be lower than that shown in the tables.</p><p> </p><p>Employers are not currently exempt from paying employer NICs for their employees above the state pension age.</p> more like this
star this property answering member printed Lord Young of Cookham more like this
star this property question first answered
less than 2019-06-06T12:50:41.547Zmore like thismore than 2019-06-06T12:50:41.547Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
unstar this property tabling member
1141
unstar this property label Biography information for Lord Forsyth of Drumlean more like this