Pensions and Social Security
Debate between Stephen Timms and Graham Leadbitter(3 weeks, 1 day ago)
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Sir Stephen Timms
The question of how the tax system operates is a matter for His Majesty’s Treasury rather than for me. However, the hon. Gentleman might take some comfort from the reassurance provided by the Chancellor that those whose only income is the basic or new state pension, without any increments, will not have to pay any income tax in the course of this Parliament. Of course, those who have additional income beyond the state pension often do have a tax liability. The mechanism for how that is applied is a matter for my hon. Friends in His Majesty’s Treasury rather than for me, but I can certainly ensure that his point is passed on to them.
Other components of state pension awards, such as those previously built up under earnings-related state pension schemes, including the additional state pension, will increase by 3.8%, in line with prices. The Government are committed to supporting pensioners on the lowest incomes, so the safety net provided by the pension credit standard minimum guarantee will increase by 4.8%. That means that it will increase from £227.10 to £238 per week for single pensioners, and from £346.60 to £363.25 per week for couples. The maximum amount of pension credit savings credit will increase by 3.8%, in line with prices.
Graham Leadbitter (Moray West, Nairn and Strathspey) (SNP)
One of the first acts of this Government was to remove the winter fuel payment, before their subsequent partial U-turn. The Prime Minister himself promised assistance for WASPI women, which is manifestly not happening. Both things affect pensioners significantly. When it comes to uprating, the gap between new and old pensions is widening all the time, because although they are going up by the same percentage, they start from different baselines. What are the Government doing to equalise pension levels to prevent that situation from worsening?
Oral Answers to Questions
Debate between Stephen Timms and Graham Leadbitter(6 months ago)
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Sir Stephen Timms
The review will look specifically at the PIP assessment, but one proposal in our Green Paper published earlier this year was increasing the age of transition from DLA to PIP from 16 to 18. I think that that change could assist with the concern expressed by my hon. Friend. We are looking at the consultation responses that we have received.
Graham Leadbitter (Moray West, Nairn and Strathspey) (SNP)