NHS Pensions: Taxation Debate

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Department: HM Treasury
Monday 8th July 2019

(5 years, 5 months ago)

Commons Chamber
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Elizabeth Truss Portrait Elizabeth Truss
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There are specific issues affecting the NHS that the Health Secretary is rightly looking at and is about to conduct the consultation on. As I have said, the Treasury constantly reviews our tax system to make sure that it has the right incentives in it and that it is helping people to save for later years.

Jeremy Lefroy Portrait Jeremy Lefroy (Stafford) (Con)
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In addition to the important points made by my right hon. Friend the Member for Wokingham (John Redwood) and my hon. Friend the Member for South Thanet (Craig Mackinlay), would it not be simpler and fairer to restrict pension relief to the basic rate and scrap all annual and lifetime allowances?

Elizabeth Truss Portrait Elizabeth Truss
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I thank my hon. Friend for his policy suggestion. I am afraid that during this urgent question I will be unable to commit to it, but it is certainly an interesting idea.