The government keeps public sector pensions policy under constant review in the context of the wider public finances.<\/p>
<\/p>
The Secretary of State for Health and Social Care will shortly publish a consultation on proposals for a new flexibility for senior clinicians in the NHS pension scheme via the introduction of a 50:50 option.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"} } , "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"} , "dateOfAnswer" : {"_value" : "2019-07-19", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-07-19T11:07:28.673Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2019-07-15", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Public Sector: Workplace Pensions"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty's Government what plans they have, if any, to change the pension arrangements for senior public servants, especially doctors in the NHS, as they approach retirement.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1813", "label" : {"_value" : "Biography information for Lord Trefgarne"} } , "tablingMemberPrinted" : [{"_value" : "Lord Trefgarne"} ], "uin" : "HL17189"} , {"_about" : "http://data.parliament.uk/resources/1138559", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1138559/answer", "answerText" : {"_value" : "
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>
The same tax rules must apply identically to everyone in the same situation, regardless of their employer.<\/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>
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>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"} } , "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"} , "dateOfAnswer" : {"_value" : "2019-07-18", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-07-18T11:12:10.21Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2019-07-11", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Pensions: Tax Allowances"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "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.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/384", "label" : {"_value" : "Biography information for Baroness McIntosh of Pickering"} } , "tablingMemberPrinted" : [{"_value" : "Baroness McIntosh of Pickering"} ], "uin" : "HL17117"} , {"_about" : "http://data.parliament.uk/resources/1137396", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1137396/answer", "answerText" : {"_value" : "
HMRC\u2019s Import VAT on Parcels online service was launched in February 2019 to allow businesses to prepare for a potential no deal EU exit, and remains open for registrations. HMRC are working with key partners to communicate the potential changes to overseas businesses. While HMRC expect registrations would increase if a no deal exit were confirmed, registration numbers for the online service are not a reliable indicator of overall readiness because there are other ways to pay import VAT on parcels via third parties.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"} } , "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"} , "dateOfAnswer" : {"_value" : "2019-07-22", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-07-22T12:55:01.37Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2019-07-08", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Parcels: VAT"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty's Government what steps they are taking to ensure more foreign companies sign up to the new parcel tax scheme in preparation for a possible no-deal Brexit.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1796", "label" : {"_value" : "Biography information for Lord Taylor of Warwick"} } , "tablingMemberPrinted" : [{"_value" : "Lord Taylor of Warwick"} ], "uin" : "HL17003"} , {"_about" : "http://data.parliament.uk/resources/1137398", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1137398/answer", "answerText" : {"_value" : "
The Government keeps public sector pay and pensions policy under constant review in the context of the wider public finances.<\/p>
<\/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.<\/p>
<\/p>
The tapered annual allowance is therefore focused 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>
The Government recognises that some senior clinicians face tax charges owing to the increase in the value of their pension accrual. The tax rules must apply identically to everyone in the same situation, regardless of their employer.<\/p>
<\/p>
However, the Secretary of State for Health and Social Care has announced plans to consult on proposals for a new flexibility for senior clinicians in the NHS pension scheme via the introduction of a 50:50 option. This option will give senior clinicians in England and Wales more choice in respect of their pension accrual, and therefore better control in relation to any pensions tax charges.<\/p>
<\/p>
<\/strong><\/p> <\/strong><\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-07-22", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-07-22T12:55:51.367Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-07-08", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Pensions: Doctors"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government what plans they have to revisit the 2016 rule changes to tax relief for medical practitioners, in order to resolve the current staffing crisis.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/1796", "label" : {"_value" : "Biography information for Lord Taylor of Warwick"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Taylor of Warwick"}
], "uin" : "HL17005"}
, {"_about" : "http://data.parliament.uk/resources/1137076", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1137076/answer", "answerText" : {"_value" : " The treatment of infrastructure investment by insurance undertakings for the purposes of prudential regulation is set by the Solvency II Directive. In March 2019, the EU adopted new Solvency II rules to help insurers to invest in equity and private debt and to provide long-term capital financing. This means that insurers will be able to hold less capital for such investments and will therefore find such investments more attractive. The Government does not collect information about such investments, but individual insurance firms often include such details in their annual reports.<\/p> <\/em><\/p>The government provides competitive R&D tax reliefs to support businesses to invest. Support for businesses through R&D tax reliefs rose to £3.7 billion in 2015-16, up by almost a quarter from the previous year. The government is also carrying out the Infrastructure Finance Review, to support private infrastructure investment and ensure that infrastructure projects, including those using new technologies, are able to access the finance they need. The review will conclude alongside the National Infrastructure Strategy in the Autumn. <\/p>In 2018, the UK Government provided £20m of \u2018pioneer funding\u2019 through the Next Generation Services Industrial Strategy Challenge Fund to explore how new technologies could transform the UK accountancy, insurance and legal services industries <\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-07-17", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-07-17T16:31:26.07Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-07-04", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Insurance Companies: Investment"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government what steps they are taking to promote investment by the insurance industry into applied research, new technologies, and infrastructure; whether information about any such investments will be published on an annual basis; and if so, where.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/2543", "label" : {"_value" : "Biography information for Lord Hunt of Chesterton"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Hunt of Chesterton"}
], "uin" : "HL16940"}
, {"_about" : "http://data.parliament.uk/resources/1136413", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1136413/answer", "answerText" : {"_value" : " For this answer pensioners have been defined as those over State Pension Age (SPA). The definition used is consistent with average SPAs from HMRC\u2019s published Income Tax Liabilities Statistics. The average female SPA for the purposes of this are 63.75 years in 2016-17 and 64.5 years in 2017-18 (the male SPA is 65 in both). The average male and female SPA in 2018-19 is 65.25.<\/p> <\/p> i)<\/p> Estimates of the number of pensioners who had tax liabilities at the 40% and 45% rates of income tax:<\/p> <\/p> Numbers: thousands<\/p> <\/p><\/td> 2016-17<\/p><\/td> 2017-18<\/p><\/td> 2018-19<\/p><\/td><\/tr> 40%<\/p><\/td> 537<\/p><\/td> 514<\/p><\/td> 508<\/p><\/td><\/tr> 45%<\/p><\/td> 34<\/p><\/td> 35<\/p><\/td> 37<\/p><\/td><\/tr><\/tbody><\/table> <\/p> i)<\/p> Estimates of the number of pensioners who had an annual income above £50,000 as:<\/p> Numbers: thousands<\/p> <\/p><\/td> 2016-17<\/p><\/td> 2017-18<\/p><\/td> 2018-19<\/p><\/td><\/tr> Male<\/p><\/td> 311<\/p><\/td> 342<\/p><\/td> 361<\/p><\/td><\/tr> Female<\/p><\/td> 107<\/p><\/td> 110<\/p><\/td> 113<\/p><\/td><\/tr> Total<\/p><\/td> 418<\/p><\/td> 451<\/p><\/td> 474<\/p><\/td><\/tr><\/tbody><\/table> <\/p> ii)<\/p> Of these pensioners with income above £50,000, the age ranges are:<\/p> Numbers: thousands<\/p> <\/p><\/td> 2016-17<\/p><\/td> 2017-18<\/p><\/td> 2018-19<\/p><\/td><\/tr> 60-64<\/p><\/td> 9<\/p><\/td> 5<\/p><\/td> <\/p><\/td><\/tr> 65-69<\/p><\/td> 170<\/p><\/td> 171<\/p><\/td> 170<\/p><\/td><\/tr> 70-74<\/p><\/td> 108<\/p><\/td> 131<\/p><\/td> 145<\/p><\/td><\/tr> 75+<\/p><\/td> 131<\/p><\/td> 143<\/p><\/td> 158<\/p><\/td><\/tr><\/tbody><\/table> <\/p> The number of 60-64 year old Pensioners reduces to zero by 2018-19 reflecting the increasing SPA for females over the time period shown.<\/p> <\/p> The figures for 2016-17 are based on the latest outturn data from the Survey of Personal Incomes (SPI), 2017-18 and 2018-19 are projections based on the 2016-17 SPI, which are projected using economic assumptions consistent with the Office for Budget Responsibility\u2019s (OBR) March 2019 Economic and Fiscal Outlook.<\/p> <\/p> For comparison to the total population of pensioners, Office of National Statistics (ONS) estimates of the population of the UK give the number of individuals by age. The number of pensioners in the UK can also be estimated using the average state pension age in each tax year:<\/p> <\/p> 12.3 million in 2016-17<\/p> 12.2 million in 2017-18<\/p> 12.0 million in 2018-19<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-07-15", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "HL16778"}
, {"_value" : "HL16779"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-07-15T16:39:10.643Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-07-02", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Personal Income: Pensioners"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government what are the number and percentage of pensioners with annual incomes above £50,000, broken down by age, in each of the last three years.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4533", "label" : {"_value" : "Biography information for Baroness Altmann"}
}
, "tablingMemberPrinted" : [{"_value" : "Baroness Altmann"}
], "uin" : "HL16863"}
, {"_about" : "http://data.parliament.uk/resources/1136430", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1136430/answer", "answerText" : {"_value" : " In November 2018 the Government published a detailed set of economic analyses on the long-term impacts of EU exit on the UK economy, its sectors, nations and regions and the public finances.<\/p> <\/p> <\/p> This government has a strong track record of delivering and protecting jobs. There are 3.7 million more people in work compared to 2010, and the proportion of low paid jobs is at its lowest level for at least 20 years.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-07-16", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-07-16T15:14:29.11Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-07-02", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Employment"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government what assessment they have made of the impact of leaving the EU on 31 October on employment levels.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/3691", "label" : {"_value" : "Biography information for Lord Roberts of Llandudno"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Roberts of Llandudno"}
], "uin" : "HL16880"}
, {"_about" : "http://data.parliament.uk/resources/1136436", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1136436/answer", "answerText" : {"_value" : " On 2nd<\/sup> July, the Government launched its Green Finance Strategy with the ambition to align private sector financial flows with clean, environmentally sustainable and resilient growth, and strengthen the competitiveness of our financial sector. The strategy outlines how we will drive the greening of the financial system and help mobilise private sector finance to meet our environmental objectives, including through infrastructure projects in the UK and overseas. We have also worked with the City of London to launch the Green Finance Institute on 2nd<\/sup> July.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-07-09", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-07-09T16:22:07.617Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-07-02", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Financial Services"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government what steps they are taking to invest in infrastructure projects in the UK financial services industry to help address climate change.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/1796", "label" : {"_value" : "Biography information for Lord Taylor of Warwick"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Taylor of Warwick"}
], "uin" : "HL16886"}
, {"_about" : "http://data.parliament.uk/resources/1135685", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1135685/answer", "answerText" : {"_value" : " For this answer pensioners have been defined as those over State Pension Age (SPA). The definition used is consistent with average SPAs from HMRC\u2019s published Income Tax Liabilities Statistics. The average female SPA for the purposes of this are 63.75 years in 2016-17 and 64.5 years in 2017-18 (the male SPA is 65 in both). The average male and female SPA in 2018-19 is 65.25.<\/p> <\/p> i)<\/p> Estimates of the number of pensioners who had tax liabilities at the 40% and 45% rates of income tax:<\/p> <\/p> Numbers: thousands<\/p> <\/p><\/td> 2016-17<\/p><\/td> 2017-18<\/p><\/td> 2018-19<\/p><\/td><\/tr> 40%<\/p><\/td> 537<\/p><\/td> 514<\/p><\/td> 508<\/p><\/td><\/tr> 45%<\/p><\/td> 34<\/p><\/td> 35<\/p><\/td> 37<\/p><\/td><\/tr><\/tbody><\/table> <\/p> i)<\/p> Estimates of the number of pensioners who had an annual income above £50,000 as:<\/p> Numbers: thousands<\/p> <\/p><\/td> 2016-17<\/p><\/td> 2017-18<\/p><\/td> 2018-19<\/p><\/td><\/tr> Male<\/p><\/td> 311<\/p><\/td> 342<\/p><\/td> 361<\/p><\/td><\/tr> Female<\/p><\/td> 107<\/p><\/td> 110<\/p><\/td> 113<\/p><\/td><\/tr> Total<\/p><\/td> 418<\/p><\/td> 451<\/p><\/td> 474<\/p><\/td><\/tr><\/tbody><\/table> <\/p> ii)<\/p> Of these pensioners with income above £50,000, the age ranges are:<\/p> Numbers: thousands<\/p> <\/p><\/td> 2016-17<\/p><\/td> 2017-18<\/p><\/td> 2018-19<\/p><\/td><\/tr> 60-64<\/p><\/td> 9<\/p><\/td> 5<\/p><\/td> <\/p><\/td><\/tr> 65-69<\/p><\/td> 170<\/p><\/td> 171<\/p><\/td> 170<\/p><\/td><\/tr> 70-74<\/p><\/td> 108<\/p><\/td> 131<\/p><\/td> 145<\/p><\/td><\/tr> 75+<\/p><\/td> 131<\/p><\/td> 143<\/p><\/td> 158<\/p><\/td><\/tr><\/tbody><\/table> <\/p> The number of 60-64 year old Pensioners reduces to zero by 2018-19 reflecting the increasing SPA for females over the time period shown.<\/p> <\/p> The figures for 2016-17 are based on the latest outturn data from the Survey of Personal Incomes (SPI), 2017-18 and 2018-19 are projections based on the 2016-17 SPI, which are projected using economic assumptions consistent with the Office for Budget Responsibility\u2019s (OBR) March 2019 Economic and Fiscal Outlook.<\/p> <\/p> For comparison to the total population of pensioners, Office of National Statistics (ONS) estimates of the population of the UK give the number of individuals by age. The number of pensioners in the UK can also be estimated using the average state pension age in each tax year:<\/p> <\/p> 12.3 million in 2016-17<\/p> 12.2 million in 2017-18<\/p> 12.0 million in 2018-19<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-07-15", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "HL16779"}
, {"_value" : "HL16863"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-07-15T16:39:10.563Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-07-01", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Income Tax: Pensioners"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
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], "questionText" : "To ask Her Majesty's Government what percentage of pensioners paid tax at (1) the 40 per cent, and (2) the 45 per cent, rate in each of the last three years.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4533", "label" : {"_value" : "Biography information for Baroness Altmann"}
}
, "tablingMemberPrinted" : [{"_value" : "Baroness Altmann"}
], "uin" : "HL16778"}
, {"_about" : "http://data.parliament.uk/resources/1135686", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1135686/answer", "answerText" : {"_value" : " For this answer pensioners have been defined as those over State Pension Age (SPA). The definition used is consistent with average SPAs from HMRC\u2019s published Income Tax Liabilities Statistics. The average female SPA for the purposes of this are 63.75 years in 2016-17 and 64.5 years in 2017-18 (the male SPA is 65 in both). The average male and female SPA in 2018-19 is 65.25.<\/p> <\/p> i)<\/p> Estimates of the number of pensioners who had tax liabilities at the 40% and 45% rates of income tax:<\/p> <\/p> Numbers: thousands<\/p> <\/p><\/td> 2016-17<\/p><\/td> 2017-18<\/p><\/td> 2018-19<\/p><\/td><\/tr> 40%<\/p><\/td> 537<\/p><\/td> 514<\/p><\/td> 508<\/p><\/td><\/tr> 45%<\/p><\/td> 34<\/p><\/td> 35<\/p><\/td> 37<\/p><\/td><\/tr><\/tbody><\/table> <\/p> i)<\/p> Estimates of the number of pensioners who had an annual income above £50,000 as:<\/p> Numbers: thousands<\/p> <\/p><\/td> 2016-17<\/p><\/td> 2017-18<\/p><\/td> 2018-19<\/p><\/td><\/tr> Male<\/p><\/td> 311<\/p><\/td> 342<\/p><\/td> 361<\/p><\/td><\/tr> Female<\/p><\/td> 107<\/p><\/td> 110<\/p><\/td> 113<\/p><\/td><\/tr> Total<\/p><\/td> 418<\/p><\/td> 451<\/p><\/td> 474<\/p><\/td><\/tr><\/tbody><\/table> <\/p> ii)<\/p> Of these pensioners with income above £50,000, the age ranges are:<\/p> Numbers: thousands<\/p> <\/p><\/td> 2016-17<\/p><\/td> 2017-18<\/p><\/td> 2018-19<\/p><\/td><\/tr> 60-64<\/p><\/td> 9<\/p><\/td> 5<\/p><\/td> <\/p><\/td><\/tr> 65-69<\/p><\/td> 170<\/p><\/td> 171<\/p><\/td> 170<\/p><\/td><\/tr> 70-74<\/p><\/td> 108<\/p><\/td> 131<\/p><\/td> 145<\/p><\/td><\/tr> 75+<\/p><\/td> 131<\/p><\/td> 143<\/p><\/td> 158<\/p><\/td><\/tr><\/tbody><\/table> <\/p> The number of 60-64 year old Pensioners reduces to zero by 2018-19 reflecting the increasing SPA for females over the time period shown.<\/p> <\/p> The figures for 2016-17 are based on the latest outturn data from the Survey of Personal Incomes (SPI), 2017-18 and 2018-19 are projections based on the 2016-17 SPI, which are projected using economic assumptions consistent with the Office for Budget Responsibility\u2019s (OBR) March 2019 Economic and Fiscal Outlook.<\/p> <\/p> For comparison to the total population of pensioners, Office of National Statistics (ONS) estimates of the population of the UK give the number of individuals by age. The number of pensioners in the UK can also be estimated using the average state pension age in each tax year:<\/p> <\/p> 12.3 million in 2016-17<\/p> 12.2 million in 2017-18<\/p> 12.0 million in 2018-19<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-07-15", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "HL16778"}
, {"_value" : "HL16863"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-07-15T16:39:10.613Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-07-01", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Personal Income: Pensioners"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
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], "questionText" : "To ask Her Majesty's Government what is (1) the total number, and (2) the percentage, of pensioners who had an annual income above £50,000 in each of the last three years; and whether they have a gender breakdown for those data.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4533", "label" : {"_value" : "Biography information for Baroness Altmann"}
}
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], "uin" : "HL16779"}
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