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1132189
unstar this property registered interest false more like this
star this property date less than 2019-06-13more like thismore than 2019-06-13
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 remove filter
unstar this property hansard heading Workplace Pensions 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 what steps they are taking to ensure that independent governance committees (IGCs) monitor and provide effective oversight of the suitability of all the retail fund choices available to pension scheme members through the firm which an IGC oversees. more like this
star this property tabling member printed
Baroness Drake more like this
star this property uin HL16350 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-06-26more like thismore than 2019-06-26
star this property answer text The Financial Conduct Authority (FCA) introduced rules in 2015 to require contract-based pension providers to set up independent governance committees (IGCs) to address poor consumer outcomes. IGCs have a duty to scrutinise the value for money of the provider’s workplace personal pension schemes, taking into account transaction costs, raising concerns and making recommendations to the provider’s board as appropriate. IGCs have a duty to assess whether all the investment choices available, including default options, are suitable for the interests of consumers.<p><strong> </strong></p>In 2016, the FCA reviewed IGCs and found that they were “generally effective” in influencing and advancing cost reductions for members. The FCA has announced that it will undertake a further review of IGCs in 2019/20. more like this
star this property answering member printed Lord Young of Cookham remove filter
star this property question first answered
less than 2019-06-26T16:50:19.19Zmore like thismore than 2019-06-26T16:50:19.19Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
4155
star this property label Biography information for Baroness Drake more like this
1130230
unstar this property registered interest false more like this
star this property date less than 2019-06-05more like thismore than 2019-06-05
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 remove filter
unstar this property hansard heading Married People: Tax Allowances 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, further to the publication of revised figures on the uptake of the Marriage Allowance by HMRC, whether they have a revised budget for the Marriage Allowance for the 2019/20 financial year; and what the actual expenditure on the Marriage Allowance was in the 2018/19 financial year. more like this
star this property tabling member printed
Baroness Eaton more like this
star this property uin HL16091 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-06-19more like thismore than 2019-06-19
star this property answer text <p>Anyone who applies for Marriage Allowance and meets the criteria will receive it. There is no set budget. The estimated cost to the Exchequer of Marriage Allowance in the 2018/19 financial year is £485 million. The cost will be finalised after 2018/19 Self-Assessment returns are submitted in January 2020.</p> more like this
star this property answering member printed Lord Young of Cookham remove filter
star this property question first answered
less than 2019-06-19T16:38:37.493Zmore like thismore than 2019-06-19T16:38:37.493Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
4184
star this property label Biography information for Baroness Eaton more like this
1135700
unstar this property registered interest false more like this
star this property date less than 2019-07-01more like thismore than 2019-07-01
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 remove filter
unstar this property hansard heading Married People: Tax Allowances 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 how many people claimed the Marriage Allowance in the 2018–19 financial year; and what steps they are taking to increase the uptake of that allowance. more like this
star this property tabling member printed
Baroness Eaton more like this
star this property uin HL16793 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-07-15more like thismore than 2019-07-15
star this property answer text <p>The Marriage Allowance was introduced in April 2015 to recognise the importance of marriage and civil partnerships through the tax system, and support those on low incomes by helping them keep more of the money they earn. There were 1.78m claimants for the Marriage Allowance in 2018-19.</p><p> </p><p>The Government has taken significant steps to encourage people to claim for the Marriage Allowance. HM Revenue and Customs ran a series of both free and paid-for marketing campaigns, which ran between October 2015 and March 2017, and continue to raise awareness through ongoing communication on social media and on GOV.UK. Marriage Allowance can be claimed through the Personal Tax Account on GOV.UK or by phone to HMRC. The Marriage Allowance can be backdated to 2015-16 when it was introduced. This means eligible couples can claim a total of £1,150 if not claimed before.</p> more like this
star this property answering member printed Lord Young of Cookham remove filter
star this property question first answered
less than 2019-07-15T14:37:52.733Zmore like thismore than 2019-07-15T14:37:52.733Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
4184
star this property label Biography information for Baroness Eaton more like this
1135701
unstar this property registered interest false more like this
star this property date less than 2019-07-01more like thismore than 2019-07-01
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 remove filter
unstar this property hansard heading Married People: Tax Allowances 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 what assessment they have made of the effectiveness of the Marriage Allowance; and what plans they have to review that allowance. more like this
star this property tabling member printed
Baroness Eaton more like this
star this property uin HL16794 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-07-15more like thismore than 2019-07-15
star this property answer text <p>The Marriage Allowance was introduced in April 2015 to recognise the importance of marriage and civil partnerships in the tax system, and support those on low incomes by helping them keep more of the money they earn.</p><p> </p><p>The Marriage Allowance is effective as it gives extra financial support to those couples eligible for it. In 2018/19, 1.78m couples benefitted from the Marriage Allowance which is worth up to £250 a year. The Marriage Allowance can be backdated to 2015-16 when it was introduced. This means eligible couples can claim a total of £1,150 if not claimed before.</p><p> </p><p>As with all aspects of Government policy, the Marriage Allowance will be kept under review and any decisions on future changes will be taken as part of the annual Budget process in the context of the wider public finances.</p> more like this
star this property answering member printed Lord Young of Cookham remove filter
star this property question first answered
less than 2019-07-15T14:38:24.653Zmore like thismore than 2019-07-15T14:38:24.653Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
4184
star this property label Biography information for Baroness Eaton more like this
1140479
unstar this property registered interest false more like this
star this property date less than 2019-07-18more like thismore than 2019-07-18
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 remove filter
unstar this property hansard heading LIBOR 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 what assessment they have made of the preparedness of the financial services industry to solve the issue of LIBOR-linked loan contracts before 2021. more like this
star this property tabling member printed
Baroness Kramer more like this
star this property uin HL17312 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-07-23more like thismore than 2019-07-23
star this property answer text <p>The Government is supporting a market – led transition away from LIBOR by end-2021.</p><p> </p><p>UK financial services regulators have said that they will be expecting banks to show that they have eliminated dependency on LIBOR in their lending businesses, have suitable plans to move to non-LIBOR products in new lending well before end-2021, and to explain changes to affected customers.</p><p> </p> more like this
star this property answering member printed Lord Young of Cookham remove filter
star this property question first answered
less than 2019-07-23T16:25:45.653Zmore like thismore than 2019-07-23T16:25:45.653Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
1557
star this property label Biography information for Baroness Kramer more like this
1135077
unstar this property registered interest false more like this
star this property date less than 2019-06-26more like thismore than 2019-06-26
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 remove filter
unstar this property hansard heading Poverty 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, further to the reply by Baroness Buscombe on 25 June (HL Deb, col 1003), whether they will now ask the National Audit Office to examine the feasibility of implementing the cumulative social impact assessment recommended by the UN Special Rapporteur on extreme poverty and human rights; and whether they will explain what they meant by their reservation concerning "unreasonable assumptions about income sharing" set out in paragraph 38 of the Comments by the State on the UN Special Rapporteur’s report. more like this
star this property tabling member printed
Baroness Lister of Burtersett more like this
star this property uin HL16704 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-07-08more like thismore than 2019-07-08
star this property answer text <p>The Treasury regularly publishes detailed analysis on the cumulative impact of policy decisions on tax, welfare and public spending on households of different incomes. The government also carefully considers the impact of its decisions on those sharing protected characteristics - including at Budgets and other fiscal events - in line with both its legal obligations and with its strong commitment to promoting fairness.</p><p>Our statement concerning income sharing reflects our reservations about producing cumulative analysis of the impact of tax and spending decisions on vulnerable groups beneath household level (for instance, by gender). This analysis often requires unreasonable assumptions about how income is shared within households. As independent experts at the Institute for Fiscal Studies have said, “because most people live in households with others, and we don't know how incomes are shared, it is very hard to look at effects separately for many men and women.”</p> more like this
star this property answering member printed Lord Young of Cookham remove filter
star this property question first answered
less than 2019-07-08T13:51:40.527Zmore like thismore than 2019-07-08T13:51:40.527Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
4234
star this property label Biography information for Baroness Lister of Burtersett more like this
1139077
unstar this property registered interest false more like this
star this property date less than 2019-07-15more like thismore than 2019-07-15
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 remove filter
unstar this property hansard heading Public Finance 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, further to the Written Answer by Lord Young of Cookham on 8 July (HL16704), whether they will carry out a cumulative impact assessment of tax and spending decisions by gendered household type, which avoids the need to make assumptions about income sharing within households. more like this
star this property tabling member printed
Baroness Lister of Burtersett more like this
star this property uin HL17162 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-07-22more like thismore than 2019-07-22
star this property answer text <p>The government carefully considers the impact of its decisions on those sharing protected characteristics - including gender - in line with both its legal obligations and with its strong commitment to promoting fairness.</p><p>However, analysis of the impact of tax and spending decisions by gendered household type will present a partial picture of the impact of policy decisions on different genders as most people live in households with other people.</p> more like this
star this property answering member printed Lord Young of Cookham remove filter
star this property question first answered
less than 2019-07-22T12:57:39.34Zmore like thismore than 2019-07-22T12:57:39.34Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
4234
star this property label Biography information for Baroness Lister of Burtersett more like this
1138559
unstar this property registered interest false more like this
star this property date less than 2019-07-11more like thismore than 2019-07-11
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 remove filter
unstar this property hansard heading Pensions: Tax Allowances 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 what assessment they have made of the implications of recent changes to the Lifetime Allowance for pension benefits for those in (1) the legal profession, (2) the medical profession, and (3) other professions; and of the case for reviewing those changes. more like this
star this property tabling member printed
Baroness McIntosh of Pickering more like this
star this property uin HL17117 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-07-18more like thismore than 2019-07-18
star this property answer text <p>Pensions tax relief is one of the most expensive reliefs in the personal tax system. In 2017/18 income tax and employer National Insurance Contributions relief cost over £50 billion, with around two-thirds going to higher and additional rate taxpayers. As confirmed at Autumn Budget 2017, from April 2018 the lifetime allowance will increase in line with CPI, in order that the value of this benefit is able to keep pace with inflation. This means from April 2019 the lifetime allowance has risen to £1,055,000.</p><p> </p><p>The same tax rules must apply identically to everyone in the same situation, regardless of their employer.</p><p> </p><p>However, across all public service workforces the Government looks at remuneration in the round and takes action when required to ensure delivery of world class public services. Where there is evidence that the delivery of services is being impacted, the Government takes appropriate action to address this, in line with our principles for pay and pensions policy. This is why we have introduced a temporary, taxable, Recruitment and Retention allowance for a small section of the judiciary, and will shortly bring forward a consultation on a new 50:50 pensions flexibility for senior clinicians in the NHS pension scheme.</p><p> </p><p>All aspects of the tax system are kept under review and are subject to change through the annual Budget, in the context of the wider public finances. Any future changes to the tax system will be announced through this process.</p><p> </p>
star this property answering member printed Lord Young of Cookham remove filter
star this property question first answered
less than 2019-07-18T11:12:10.21Zmore like thismore than 2019-07-18T11:12:10.21Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
384
star this property label Biography information for Baroness McIntosh of Pickering more like this
1131480
unstar this property registered interest false more like this
star this property date less than 2019-06-11more like thismore than 2019-06-11
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 remove filter
unstar this property hansard heading Personal Income 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 further to the Written Answer by Lord Young of Cookham on 21 May (HL15607), whether the figures given for total take-home pay, child benefit and tax credits for a family of two adults, one of whom is aged 25 or over and works 35 hours per week and receives the National Minimum Wage or National Living Wage, were adjusted for inflation to allow for accurate comparisons between years; and if not, whether they will provide such figures. more like this
star this property tabling member printed
Baroness Primarolo more like this
star this property uin HL16274 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-06-25more like thismore than 2019-06-25
star this property answer text <p>The figures in HL15607 were shown in cash terms. The table below shows the same table in April 2019 prices, adjusted using the Consumer Prices Index and rounded to the nearest £5.</p><p> </p><p>Table 1: Total take-home pay, Child Benefit, and tax credits in April 2019 prices for a family with two adults, one of whom is aged 25 or over and works 35 hours per week and receives the National Minimum Wage or National Living Wage</p><p> </p><table><tbody><tr><td><p>Year</p></td><td><p>£ per annum</p></td></tr><tr><td><p>2010-11</p></td><td><p>20,275</p></td></tr><tr><td><p>2011-12</p></td><td><p>20,150</p></td></tr><tr><td><p>2012-13</p></td><td><p>19,970</p></td></tr><tr><td><p>2013-14</p></td><td><p>19,925</p></td></tr><tr><td><p>2014-15</p></td><td><p>19,885</p></td></tr><tr><td><p>2015-16</p></td><td><p>20,290</p></td></tr><tr><td><p>2016-17</p></td><td><p>20,670</p></td></tr><tr><td><p>2017-18</p></td><td><p>20,400</p></td></tr><tr><td><p>2018-19</p></td><td><p>20,185</p></td></tr><tr><td><p>2019-20</p></td><td><p>20,135</p></td></tr></tbody></table><p> </p><p>The table above is true for a family with a particular set of circumstances. On average real household disposable income per person is 6.7% higher than at the start of 2010 – meaning people have more money to spend than they did in 2010. Since unemployment has fallen 48% since 2010, families are also significantly more likely to have at least one person in work now than in 2010.</p><p> </p><p>The government has introduced policies to increase take home pay since 2010 including;</p><p> </p><ul><li><p>Increasing the Work Allowance in Universal Credit by £1000 from April 2019. This would provide up to an additional £630 per year for households with children and for people with disabilities;</p><p> </p></li><li><p>Doubling the amount of free childcare available to working parents of 3 and 4 year olds, saving families using the full 30 hours around £5,000 per year. This is in combination with increasing the amount that working families can claim back in childcare to 85% of their registered childcare costs each month under UC, compared to 70% on the legacy system. For families with two children this could be worth up to £13,000 a year;</p></li></ul><p> </p><ul><li><p>Increasing the Marriage Allowance from £1,190 in 2018-19 to £1,250 in 2019-20. The benefit is therefore worth up to £250 in 2019-20. It will continue to increase each time the Personal Allowance is increased.</p></li></ul>
star this property answering member printed Lord Young of Cookham remove filter
star this property question first answered
less than 2019-06-25T12:56:09.407Zmore like thismore than 2019-06-25T12:56:09.407Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
217
star this property label Biography information for Baroness Primarolo more like this
1134326
unstar this property registered interest false more like this
star this property date less than 2019-06-24more like thismore than 2019-06-24
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 remove filter
unstar this property hansard heading Ministerial Powers 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 how many times Ministerial Directions have been issued in each of the last five years; and from which departments. more like this
star this property tabling member printed
Baroness Smith of Basildon more like this
star this property uin HL16611 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-07-02more like thismore than 2019-07-02
star this property answer text <p>Ministerial Directions are published on gov.uk.</p><p>There have been nineteen Ministerial Directions in total in the last five years. Details of these Ministerial Directions are set out in the table attached.</p><p> </p><p> </p> more like this
star this property answering member printed Lord Young of Cookham remove filter
star this property question first answered
less than 2019-07-02T16:13:25.03Zmore like thismore than 2019-07-02T16:13:25.03Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property attachment
1
star this property file name LWPQ Template_PQLW_17-19_2019_09503.docx more like this
unstar this property title Ministerial Directions more like this
star this property tabling member
4170
star this property label Biography information for Baroness Smith of Basildon more like this