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747963

registered interest
date	04/07/2017
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government what estimate they have made of the cost of introducing a double lock on Pension Credit uprating from 2018–19 onwards, uprating pensions by the highest of the consumer price index or earnings inflation, (1) over the course of this Parliament, (2) over the next 10 years, and (3) up to 2050.
tabling member printed	Baroness Altmann
uin	HL417
answer	answer is ministerial correction date of answer 18/07/2017 answer text <p>No estimate of the cost of introducing a double lock on Pension Credit uprating has been made. The legislative requirement is that the standard minimum guarantee in Pension Credit should increase at least in line with earnings.</p> answering member printed Baroness Buscombe question first answered 18/07/2017 16:24:54 answering member 3349 label Biography information for Baroness Buscombe
tabling member	4533 label Biography information for Baroness Altmann

747343

registered interest
date	03/07/2017
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Workplace Pensions: Tax Allowances
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government whether they have estimated the number of workers earning below the personal tax threshold who have been automatically enrolled into a workplace pension scheme that operates on a Net Pay basis; and if not, why not.
tabling member printed	Baroness Altmann
uin	HL320
answer	answer is ministerial correction date of answer 11/07/2017 answer text <p>The Government does not collect data on the number of workers earning less than the personal allowance who are also members of pension schemes that operate a net pay system. The Government does not hold employee level data on employees enrolled in net pay pension schemes, as such schemes are not obliged to report pension contributions to HM Revenue and Customs. The Government does not, therefore, hold information on the value of tax reliefs paid out to employees in net pay schemes.</p><p> </p><p>The latest official analysis of the eligibility of workers for automatic enrolment was published on 13 October 2016 in ‘Workplace Pensions: Update of analysis on Automatic Enrolment’. Information on age and earnings breakdowns for all workers can be found in table 3a on page 6.</p><p> </p><p>The Pensions Regulator provides guidance to employers on choosing a pension scheme for their staff in order to discharge their statutory obligations under automatic enrolment. This 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. Provided an employer has selected a qualifying pension scheme for automatic enrolment, they have complied with their automatic enrolment duties with respect to scheme choice.</p> answering member printed Baroness Buscombe grouped question UIN HL321 HL322 HL323 question first answered 11/07/2017 15:55:57 answering member 3349 label Biography information for Baroness Buscombe
tabling member	4533 label Biography information for Baroness Altmann

747344

registered interest
date	03/07/2017
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Workplace Pensions: Tax Allowances
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government against whom a worker earning £11,500 can claim if they discover that their employer has used a workplace pension scheme operating on a Net Pay basis for auto-enrolment, in order to recover the 25% taxpayer bonus they could have received in a Relief at Source scheme.
tabling member printed	Baroness Altmann
uin	HL321
answer	answer is ministerial correction date of answer 11/07/2017 answer text <p>The Government does not collect data on the number of workers earning less than the personal allowance who are also members of pension schemes that operate a net pay system. The Government does not hold employee level data on employees enrolled in net pay pension schemes, as such schemes are not obliged to report pension contributions to HM Revenue and Customs. The Government does not, therefore, hold information on the value of tax reliefs paid out to employees in net pay schemes.</p><p> </p><p>The latest official analysis of the eligibility of workers for automatic enrolment was published on 13 October 2016 in ‘Workplace Pensions: Update of analysis on Automatic Enrolment’. Information on age and earnings breakdowns for all workers can be found in table 3a on page 6.</p><p> </p><p>The Pensions Regulator provides guidance to employers on choosing a pension scheme for their staff in order to discharge their statutory obligations under automatic enrolment. This 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. Provided an employer has selected a qualifying pension scheme for automatic enrolment, they have complied with their automatic enrolment duties with respect to scheme choice.</p> answering member printed Baroness Buscombe grouped question UIN HL320 HL322 HL323 question first answered 11/07/2017 15:55:57 answering member 3349 label Biography information for Baroness Buscombe
tabling member	4533 label Biography information for Baroness Altmann

747346

registered interest
date	03/07/2017
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Workplace Pensions: Tax Allowances
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government what assessment they have made of the impact of low paid workers' claims against their employers for the money they are due in tax relief if it is denied to them by their employer's choice of pension scheme.
tabling member printed	Baroness Altmann
uin	HL322
answer	answer is ministerial correction date of answer 11/07/2017 answer text <p>The Government does not collect data on the number of workers earning less than the personal allowance who are also members of pension schemes that operate a net pay system. The Government does not hold employee level data on employees enrolled in net pay pension schemes, as such schemes are not obliged to report pension contributions to HM Revenue and Customs. The Government does not, therefore, hold information on the value of tax reliefs paid out to employees in net pay schemes.</p><p> </p><p>The latest official analysis of the eligibility of workers for automatic enrolment was published on 13 October 2016 in ‘Workplace Pensions: Update of analysis on Automatic Enrolment’. Information on age and earnings breakdowns for all workers can be found in table 3a on page 6.</p><p> </p><p>The Pensions Regulator provides guidance to employers on choosing a pension scheme for their staff in order to discharge their statutory obligations under automatic enrolment. This 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. Provided an employer has selected a qualifying pension scheme for automatic enrolment, they have complied with their automatic enrolment duties with respect to scheme choice.</p> answering member printed Baroness Buscombe grouped question UIN HL320 HL321 HL323 question first answered 11/07/2017 15:55:57 answering member 3349 label Biography information for Baroness Buscombe
tabling member	4533 label Biography information for Baroness Altmann

747348

registered interest
date	03/07/2017
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Workplace Pensions: Tax Allowances
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government whether low paid workers who earn less than the personal tax threshold may claim against the Pensions Regulator for failing to ensure that employers use a suitable auto-enrolment scheme that does not force them to pay more than they should for their pensions.
tabling member printed	Baroness Altmann
uin	HL323
answer	answer is ministerial correction date of answer 11/07/2017 answer text <p>The Government does not collect data on the number of workers earning less than the personal allowance who are also members of pension schemes that operate a net pay system. The Government does not hold employee level data on employees enrolled in net pay pension schemes, as such schemes are not obliged to report pension contributions to HM Revenue and Customs. The Government does not, therefore, hold information on the value of tax reliefs paid out to employees in net pay schemes.</p><p> </p><p>The latest official analysis of the eligibility of workers for automatic enrolment was published on 13 October 2016 in ‘Workplace Pensions: Update of analysis on Automatic Enrolment’. Information on age and earnings breakdowns for all workers can be found in table 3a on page 6.</p><p> </p><p>The Pensions Regulator provides guidance to employers on choosing a pension scheme for their staff in order to discharge their statutory obligations under automatic enrolment. This 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. Provided an employer has selected a qualifying pension scheme for automatic enrolment, they have complied with their automatic enrolment duties with respect to scheme choice.</p> answering member printed Baroness Buscombe grouped question UIN HL320 HL321 HL322 question first answered 11/07/2017 15:55:57 answering member 3349 label Biography information for Baroness Buscombe
tabling member	4533 label Biography information for Baroness Altmann

747350

registered interest
date	03/07/2017
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government what estimate they have made of the cost saving, in long-term expenditure on State Pensions, from changing the current triple lock into a double lock using the best of earnings or CPI inflation, from 2020 onwards.
tabling member printed	Baroness Altmann
uin	HL324
answer	answer is ministerial correction date of answer 11/07/2017 answer text <p><br>The Government is committed to ensuring economic security for people at every stage of their life, including when they reach retirement. The Government is also clear that fairness between the generations must be maintained. We are committed to the Triple Lock for the remainder of this Parliament. Economic forecasts suggest that State Pensions will go up by at least 2.5% each year for the length of this Parliament and so maintaining the Triple Lock for this Parliament will cost no extra money.</p><p> </p><p>It is estimated that uprating the State Pension by a double lock (highest of earnings or inflation) from April 2020 would reduce State Pension expenditure by the following compared to the Triple Lock:</p><p>(1) 0.03% of GDP in 2029/30;</p><p>(2) 0.08% of GDP in 2039/40;</p><p>(3) 0.13% of GDP in 2049/50;</p><p> </p><p>It is estimated that in 2066/67, uprating by a double lock would reduce State Pension expenditure by around 0.2% of GDP compared to uprating by the Triple Lock.</p> answering member printed Baroness Buscombe grouped question UIN HL325 question first answered 11/07/2017 15:41:13 answering member 3349 label Biography information for Baroness Buscombe
tabling member	4533 label Biography information for Baroness Altmann

747351

registered interest
date	03/07/2017
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government what is their estimate of the cost saving over (1) 10 years, (2) 20 years, and (3) 30 years, of changing the current triple lock on State Pensions into a double lock consisting of the best of earnings or CPI inflation, from 2020 onwards.
tabling member printed	Baroness Altmann
uin	HL325
answer	answer is ministerial correction date of answer 11/07/2017 answer text <p><br>The Government is committed to ensuring economic security for people at every stage of their life, including when they reach retirement. The Government is also clear that fairness between the generations must be maintained. We are committed to the Triple Lock for the remainder of this Parliament. Economic forecasts suggest that State Pensions will go up by at least 2.5% each year for the length of this Parliament and so maintaining the Triple Lock for this Parliament will cost no extra money.</p><p> </p><p>It is estimated that uprating the State Pension by a double lock (highest of earnings or inflation) from April 2020 would reduce State Pension expenditure by the following compared to the Triple Lock:</p><p>(1) 0.03% of GDP in 2029/30;</p><p>(2) 0.08% of GDP in 2039/40;</p><p>(3) 0.13% of GDP in 2049/50;</p><p> </p><p>It is estimated that in 2066/67, uprating by a double lock would reduce State Pension expenditure by around 0.2% of GDP compared to uprating by the Triple Lock.</p> answering member printed Baroness Buscombe grouped question UIN HL324 question first answered 11/07/2017 15:41:13 answering member 3349 label Biography information for Baroness Buscombe
tabling member	4533 label Biography information for Baroness Altmann

713677

registered interest
date	23/03/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Pensions: Tax Allowances
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what estimate they have made of the savings to HM Treasury in terms of tax relief which would be gained if the annual allowance for pension contributions were reduced from £40,000 a year to (a) £30,000 a year, (2) £25,000 a year, and (3) £20,000 a year.
tabling member printed	Baroness Altmann
uin	HL6274
answer	answer is ministerial correction date of answer 05/04/2017 answer text <p>The impacts of reducing the Annual Allowance from £40,000 a year would depend upon a number of factors including earnings growth and behavioural response to the policy change.</p><p> </p><p>A costings note for the reduction of the Annual Allowance from £50,000 to £40,000 and the Lifetime Allowance from £1.5 million to £1.25 million was published at Autumn Statement 2012<sup><sup>[1]</sup></sup>.</p><p> </p><p>[1] This policy costings document was published alongside Autumn Statement 2012</p><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/221551/as2012_policy_costings.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/221551/as2012_policy_costings.pdf</a></p> answering member printed Baroness Neville-Rolfe question first answered 05/04/2017 11:09:19 answering member 4284 label Biography information for Baroness Neville-Rolfe attachment 1 file name as2012_policy_costings.pdf title policy costings
tabling member	4533 label Biography information for Baroness Altmann

713678

registered interest
date	23/03/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Pensions: Tax Allowances
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what estimate they have made of the cost of restricting pensions tax relief to basic rate tax relief only.
tabling member printed	Baroness Altmann
uin	HL6275
answer	answer is ministerial correction date of answer 05/04/2017 answer text <p>The cost of restricting pensions tax relief to basic rate tax relief only would depend on how any changes were implemented. The impacts on tax receipts would also be subject to behavioural effects.</p> answering member printed Baroness Neville-Rolfe question first answered 05/04/2017 10:47:59 answering member 4284 label Biography information for Baroness Neville-Rolfe
tabling member	4533 label Biography information for Baroness Altmann

713679

registered interest
date	23/03/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Workplace Pensions: Tax Allowances
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what estimate they have made of the cost of extra tax relief due to lower than expected opt-out rates from workplace automatic enrolment in the tax years (1) 2013–14, (2) 2014–15, and (3) 2015–16.
tabling member printed	Baroness Altmann
uin	HL6276
answer	answer is ministerial correction date of answer 05/04/2017 answer text <p>Estimates are not available for the extra tax relief due to lower than expected opt-out rates from workplace automatic enrolment. However, the Government remains committed to supporting people saving for retirement.</p><p> </p><p>Automatic Enrolment has produced a significant change in private pension saving and has already reversed the decline seen in the decade prior to its introduction. As at the end of February, over 7.5 million people had been enrolled into a workplace pension.</p> answering member printed Baroness Neville-Rolfe question first answered 05/04/2017 10:47:29 answering member 4284 label Biography information for Baroness Neville-Rolfe
tabling member	4533 label Biography information for Baroness Altmann