Pensions

(asked on 10th May 2023) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what recent assessment he has made of (a) the potential merits of raising the minimum employer pension contribution and (b) the fairness of the proportion of pension contributions paid by (i) employees and (ii) employers.


Answered by
Laura Trott Portrait
Laura Trott
Chief Secretary to the Treasury
This question was answered on 18th May 2023

The current minimum contribution levels, and the split between employer and employees, were set following extensive stakeholder consultation and consensus building at the time, balancing the benefits of pensions saving with the costs to employers and individuals. No further assessment has been made since then.

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