Asked by: Lord Davies of Brixton (Labour - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government whether they plan to publish draft legislation on the oversight and regulation of the actuarial profession during this parliamentary Session.
Answered by Lord Livermore - Financial Secretary (HM Treasury)
In the King’s Speech in July 2024, the Government confirmed its intention to bring forward draft legislation setting out its proposals to create a new statutory regulator – the Audit, Reporting and Governance Authority (ARGA) – with a wider remit and the powers it needs to uphold standards in financial reporting in the UK.
A draft Bill and further information about the Government’s proposals for ARGA, including its responsibilities and scope, will be published in due course.
Asked by: Lord Davies of Brixton (Labour - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government what is the month and year of birth of the youngest person currently paying the reduced National Insurance contribution rate for married women and widows.
Answered by Viscount Younger of Leckie - Shadow Minister (Work and Pensions)
HMRC estimates that fewer than 1,000 individuals currently pay the married women’s reduced rate of National Insurance.
HMRC has a statutory duty of confidentiality regarding taxpayer information, which prohibits officers of HMRC from releasing specifics on individual taxpayers. As a result, the Government cannot provide the information requested on the youngest person currently paying the reduced rate of National Insurance contributions for married women and widows.
Asked by: Lord Davies of Brixton (Labour - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government how many women currently pay the reduced National Insurance contribution rate for married women and widows.
Answered by Viscount Younger of Leckie - Shadow Minister (Work and Pensions)
HMRC estimates that fewer than 1,000 individuals currently pay the married women’s reduced rate of National Insurance.
HMRC has a statutory duty of confidentiality regarding taxpayer information, which prohibits officers of HMRC from releasing specifics on individual taxpayers. As a result, the Government cannot provide the information requested on the youngest person currently paying the reduced rate of National Insurance contributions for married women and widows.