Asked by: Mark Hendrick (Labour (Co-op) - Preston)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, if he will make an assessment of the potential merits of lowering the State Pension age to 60.
Answered by Paul Maynard - Parliamentary Under-Secretary (Department for Work and Pensions)
The Government has no plans to make such an assessment.
Changes to State Pension age were made over a series of Acts by successive governments from 1995 onwards, following public consultations and extensive debates in both Houses of Parliament.
Further changes were introduced through the Pensions Acts 2011 and 2014 in order to protect public finances and maintain the sustainability of the State Pension over the long term. Under the 2011 Pensions Act the State Pension age for women and men rose to 66.
The rise in State Pension age to 67 has been planned since 2014. Since then, the Government has undertaken two statutory State Pension age reviews, one in 2017 and one in 2023. These reviews both considered whether the existing rules about the timetable for State Pension age rising to 67 remained appropriate.
Both reviews, including the Independent Reports that supported them, concluded that the rules concerning the increase in State Pension age from 66 to 67 should continue as planned.
Asked by: Mark Hendrick (Labour (Co-op) - Preston)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, whether he plans to undertake a review into the potential merits of issuing compensation to all women impacted by changes to the State Pension age.
Answered by Paul Maynard - Parliamentary Under-Secretary (Department for Work and Pensions)
In laying the report before Parliament at the end of March, the Ombudsman has brought matters to the attention of this House, and a further update to the House will be provided once the report's findings have been fully considered.
Asked by: Mark Hendrick (Labour (Co-op) - Preston)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of freezing the level of the tax-free Personal Allowance on the economy; and if he will make an assessment of the potential merits of increasing this level.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
The Government is committed to keeping taxes low to support people to keep more of what they earn. The Personal Allowance has nearly doubled since 2010 and is over 20% higher in real terms.
As with all aspects of the tax system, the Government keeps the Personal Allowance under review and any decisions on future changes will be made by the Chancellor in the context of the wider public finances.
Asked by: Mark Hendrick (Labour (Co-op) - Preston)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of exempting state pension from tax; and if he will make an assessment of whether state pension should be classified as income.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
The Personal Allowance is currently set at a level high enough to ensure that those pensioners whose sole income is the full rate of the new State Pension or basic State Pension do not pay any income tax.
The Government keeps all aspects of the tax system under review and any decision on future changes will be made by the Chancellor in the context of the wider public finances.