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1130527
registered interest false more like this
date less than 2019-06-06more like thismore than 2019-06-06
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Pensions: Taxation more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, whether his Department has made an assessment of how often the annual tapered allowance results in a person being taxed more than 100 per cent of the earnings gained from additional sessions or responsibilities. more like this
tabling member constituency Central Ayrshire more like this
tabling member printed
Dr Philippa Whitford remove filter
uin 261240 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-06-11more like thismore than 2019-06-11
answer text <p>Pensions tax relief is one of the most expensive reliefs in the personal tax system. In 2016/17 income tax and employer National Insurance Contributions relief cost over £50 billion, with around two-thirds going to higher and additional rate taxpayers.</p><p>The tapered annual allowance is therefore focussed on the highest-earning savers, to ensure that the benefit they receive is not disproportionate to that of other pension savers. Less than one per cent of pension savers will have to reduce their saving or face an annual allowance charge as a result of the tapered annual allowance.</p><p> </p><p>For those who incur annual allowance tax charges, the charge recoups the excess tax relief on the benefits that they have accrued in that year above their annual allowance. The charge is levied at an individual’s marginal rate. For example, an individual with a salary above £150,000 would be taxed at 45% on pension accrual above their annual allowance.</p><p> </p><p>It is not possible to estimate the precise effects of the tapered annual allowance on an individual’s total remuneration without knowing their specific circumstances.</p>
answering member constituency Salisbury more like this
answering member printed John Glen more like this
grouped question UIN 261239 more like this
question first answered
less than 2019-06-11T13:41:45.587Zmore like thismore than 2019-06-11T13:41:45.587Z
answering member
4051
label Biography information for John Glen more like this
tabling member
4385
label Biography information for Dr Philippa Whitford more like this
1110280
registered interest false more like this
date less than 2019-04-08more like thismore than 2019-04-08
answering body
Department of Health and Social Care more like this
answering dept id 17 more like this
answering dept short name Health and Social Care more like this
answering dept sort name Health and Social Care more like this
hansard heading NHS: Drugs more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Health and Social Care, what discussions he has had with Scotland’s Cabinet Secretary for Health and Sport on what processes will be in place to add a drug to the list of those deemed to be in short supply following the UK’s departure from the EU. more like this
tabling member constituency Central Ayrshire more like this
tabling member printed
Dr Philippa Whitford remove filter
uin 242156 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-04-11more like thismore than 2019-04-11
answer text <p>My Rt. hon. Friend the Secretary of State for Health and Social Care regularly discusses ‘no deal’ contingency plans, including those relating to the supply of medicines and medical products, with a number of stakeholders, the National Health Service and other Government Departments. Furthermore, I engage with Ministerial counterparts in both the Welsh and Scottish Governments, as well as the Permanent Secretary for the Department of Health in the Northern Ireland Civil Service, on European Union exit ‘no deal’ preparations.</p><p> </p><p>The Department has overall responsibility to ensure the continuity of supply of medicines and medical products for the whole of the United Kingdom; close engagement and cooperation with colleagues in the devolved administrations reflects this.</p> more like this
answering member constituency Wimbledon more like this
answering member printed Stephen Hammond more like this
grouped question UIN
242155 more like this
242157 more like this
question first answered
less than 2019-04-11T16:09:07.323Zmore like thismore than 2019-04-11T16:09:07.323Z
answering member
1585
label Biography information for Stephen Hammond more like this
tabling member
4385
label Biography information for Dr Philippa Whitford more like this