Asked by: Liz Kendall (Labour - Leicester West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 14 March 2024 to Question 17582 on National Insurance Contributions: State Retirement Pensions, whether his Department has made an assessment of the potential impact of abolishing, rather than reducing, national insurance contributions on state pension entitlements.
Answered by Nigel Huddleston - Shadow Secretary of State for Culture, Media and Sport
Cutting NICs rates does not affect anyone’s entitlement to the State Pension or contributory benefits.
Asked by: Liz Kendall (Labour - Leicester West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what discussions he has had with the Secretary of State for Work and Pensions on the potential impact of abolishing National Insurance contributions on (a) calculating and (b) accounting pension entitlements.
Answered by Nigel Huddleston - Shadow Secretary of State for Culture, Media and Sport
The Government believes the double taxation of work is unfair. That is why we’ve cut 4p from employee NICs in the last six months which will mean the average worker receives a tax cut worth £900 this coming year and why we are committed to ending this unfairness.
Cutting NICs rates does not affect anyone’s entitlement to the State Pension or contributory benefits.
Asked by: Liz Kendall (Labour - Leicester West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to his Financial Statement from 6 March 2024, Official Report, column 851, whether his Department has made an assessment of potential alternative funding mechanisms for the State Pension.
Answered by Nigel Huddleston - Shadow Secretary of State for Culture, Media and Sport
The Government believes the double taxation of work is unfair. That is why we’ve cut 4p from employee NICs in the last six months which will mean the average worker receives a tax cut worth £900 this coming year and why we are committed to ending this unfairness.
Cutting NICs rates does not affect anyone’s entitlement to the State Pension or contributory benefits.
Asked by: Liz Kendall (Labour - Leicester West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the potential impact of abolishing national insurance contributions on state pension entitlements.
Answered by Nigel Huddleston - Shadow Secretary of State for Culture, Media and Sport
The Government believes the double taxation of work is unfair. That is why we’ve cut 4p from employee NICs in the last six months which will mean the average worker receives a tax cut worth £900 this coming year and why we are committed to ending this unfairness.
Cutting NICs rates does not affect anyone’s entitlement to the State Pension or contributory benefits.
Asked by: Liz Kendall (Labour - Leicester West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential impact of abolishing National Insurance contributions on how qualifying years for pension entitlement would be (a) calculated and (b) accounted.
Answered by Nigel Huddleston - Shadow Secretary of State for Culture, Media and Sport
The Government believes the double taxation of work is unfair. That is why we’ve cut 4p from employee NICs in the last six months which will mean the average worker receives a tax cut worth £900 this coming year and why we are committed to ending this unfairness.
Cutting NICs rates does not affect anyone’s entitlement to the State Pension or contributory benefits.