Oral Answers to Questions Debate
Full Debate: Read Full DebateLincoln Jopp
Main Page: Lincoln Jopp (Conservative - Spelthorne)Department Debates - View all Lincoln Jopp's debates with the Department for Work and Pensions
(9Â months, 3Â weeks ago)
Commons ChamberIt is always a pleasure to meet my parliamentary neighbour from Dudley. She is absolutely right to draw attention to the role of allied health professionals, because there is a strong link between good health and employment, and this problem has to be seen across departmental boundaries.
Lincoln Jopp (Spelthorne) (Con)
Following the Budget, a furious Labour voter, 30 years old, texted me to say, “I am furious about the salary sacrifice thing. I give up a lot of things to put 20% of my salary into my pension. That’s going to cost me almost two grand a year for being responsible.” Why are the Government so keen on punishing savers?
Torsten Bell
We are taking a pragmatic approach to reforming pension contributions made via salary sacrifice, the costs of which are set nearly to triple to ÂŁ8 billion between 2017 and the end of this decade. The case for change was made powerfully by a previous Chancellor:
“The majority of employees pay tax on a cash salary, but some are able to sacrifice salary…and pay much lower tax… That is unfair”.—[Official Report, 23 November 2016; Vol. 617, c. 907.]
So said Baron Hammond of Runnymede.