State Pension

Debate between Baroness Altmann and Lord Lawson of Blaby

Thursday 28th April 2016 Lords Chamber

[Baroness Altmann]

The estimates are that the new state pension will be cost-neutral for the first few decades. Therefore, the aim is that we can give people security and an understanding of what they will get from the state system, and that, as we roll out auto-enrolment to ensure that every worker will have a private pension, it is safe for those workers all around the country to save for their future so that they can supplement their own income.

[Lord Lawson of Blaby (Con)]

My Lords, will the Government seriously consider ending the anomalously tax-free status of the winter fuel payment by consolidating it into the basic state pension, which is, of course, taxable?