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800412
registered interest false more like this
date less than 2017-12-04more like thismore than 2017-12-04
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Individual Savings Accounts more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what is their estimate of the number of people aged (1) 50–59, (2) 60–69, (3) 70–79, (4) 80–89, and (5) 90 or over, who own ISAs; and for each age group, what is the average holding. more like this
tabling member printed
Baroness Altmann remove filter
uin HL3799 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-12-13more like thismore than 2017-12-13
answer text <p>The number of people over 65 who own ISAs and their average value is set out in the table below.</p><table><tbody><tr><td colspan="2"><p>Numbers: thousands</p></td></tr><tr><td><p>Age</p></td><td><p>Number of ISA holders</p></td><td><p>Average ISA Market Values</p></td></tr><tr><td><p>65 and over</p></td><td><p>6,353</p></td><td><p>£38,859</p></td></tr></tbody></table><p> </p><p>This information is taken from HMRC Individual Savings Account (ISA) statistics which is available on Gov.uk</p><p> </p><p> </p><p>The number of people who hold ISA in the age bands (1) 50–59, (2) 60–69, (3) 70–79, (4) 80–89, and (5) 90 or over, who own ISAs; and the average holding is set out in the table below.</p><p> </p><p> </p><table><tbody><tr><td colspan="2"><p>ISA Holders</p></td><td><p>Numbers: thousands</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p> </p></td><td><p>Age</p></td><td><p>Total Number of ISA holders</p></td><td><p>Average ISA Market Values</p></td></tr><tr><td><p> </p></td><td><p>50-59</p></td><td><p>4,052</p></td><td><p>£22,406</p></td></tr><tr><td><p> </p></td><td><p>60-69</p></td><td><p>4,017</p></td><td><p>£34,409</p></td></tr><tr><td><p> </p></td><td><p>70-79</p></td><td><p>2,670</p></td><td><p>£39,484</p></td></tr><tr><td><p> </p></td><td><p>80-89</p></td><td><p>1,362</p></td><td><p>£40,373</p></td></tr><tr><td><p> </p></td><td><p>90 and over</p></td><td><p>256</p></td><td><p>£40,097</p></td></tr><tr><td><p> </p></td><td><p>Total<sub>1</sub></p></td><td><p>21,575</p></td><td><p>£22,387</p></td></tr><tr><td colspan="2"><p>Footnotes</p></td></tr><tr><td colspan="6"><p><sup>1</sup> Total is for all ages, including those not shown in the table.</p></td></tr></tbody></table>
answering member printed Lord Bates more like this
grouped question UIN HL3800 more like this
question first answered
remove maximum value filtermore like thismore than 2017-12-13T16:51:00.617Z
answering member
1091
label Biography information for Lord Bates remove filter
tabling member
4533
label Biography information for Baroness Altmann more like this
785828
registered interest false more like this
date less than 2017-11-07more like thismore than 2017-11-07
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Workplace Pensions: Tax Allowances more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government whether they are planning to ensure that workers earning below £11,500 a year who are automatically enrolled into Net Pay Schemes are able to obtain the tax relief they are due; if so, how; and if not, whether they intend to introduce alternative measures to ensure that either (1) the employer, or (2) the pension provider, compensates such low earners for the money they lose out on. more like this
tabling member printed
Baroness Altmann remove filter
uin HL2976 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-11-21more like thismore than 2017-11-21
answer text <p>The Government recognises the different impacts on workers earning below the personal allowance. However, it has not been possible to identify any straightforward or proportionate means to align the effects of the net pay and relief at source mechanisms more closely for this population.</p><p> </p><p>Workplace pension schemes are chosen by employers and the Pensions Regulator provides guidance on this in relation to automatic enrolment. The guidance covers the choice between net pay and relief at source schemes, and the implications of net pay schemes for employees who do not pay tax. It also says that some schemes that use the net pay arrangement may have lower charges than schemes that operate relief at source.</p> more like this
answering member printed Lord Bates more like this
question first answered
less than 2017-11-21T14:17:57.693Zmore like thismore than 2017-11-21T14:17:57.693Z
answering member
1091
label Biography information for Lord Bates remove filter
tabling member
4533
label Biography information for Baroness Altmann more like this
784662
registered interest false more like this
date less than 2017-11-06more like thismore than 2017-11-06
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading National Insurance Credits more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what is their estimate of the number of women who are not claiming Child Benefit due to a parent earning above £50,000 and who do not receive the credit for National Insurance State Pension each year. more like this
tabling member printed
Baroness Altmann remove filter
uin HL2880 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-11-20more like thismore than 2017-11-20
answer text <p>Child Benefit can help some claimants qualify for National Insurance credits. These credits count towards their State Pension and protect it by making sure they don’t have gaps in their National Insurance record.</p><p> </p><p>HM Revenue and Customs (HMRC) ensures that individuals have the information they need to make well-informed choices about their pension position and Child Benefit. HMRC provides specific information on the Child Benefit claim form, through the HMRC helpline, online at gov.uk, through partners such as Citizen’s Advice, and in the Bounty Packs that go to new parents.</p><p> </p><p>However, some people may choose not to claim Child Benefit. HMRC does not have an estimate of the number of people whose state pension entitlements are affected by their decision not to claim.</p> more like this
answering member printed Lord Bates more like this
question first answered
less than 2017-11-20T11:36:31.06Zmore like thismore than 2017-11-20T11:36:31.06Z
answering member
1091
label Biography information for Lord Bates remove filter
tabling member
4533
label Biography information for Baroness Altmann more like this