Session 2016-17
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Other Bills before Parliament


 
 

1

 

House of Commons

 
 

Tuesday 25 October 2016

 

Public Bill Committee

 

New Amendments handed in are marked thus Parliamentary Star

 

Parliamentary Star - whiteAmendments which will comply with the required notice period at their next appearance

 

Amendments tabled since the last publication: 1-9, NC1-NC3

 

Savings (Government Contributions) Bill


 

Note

 

This document includes all amendments tabled to date and includes any

 

withdrawn amendments at the end. The amendments have been arranged in

 

accordance with the Resolution of the Programming Sub-Committee.

 


 

Resolution of the Programming Sub-Committee

 

The Programming Sub-Committee appointed by the Speaker in respect of the Bill

 

agreed the following Resolution at its meeting on Monday 24 October (Standing Order

 

83C):

 

That—

 

(1)  

the Committee shall (in addition to its first meeting at 10.00 am on Tuesday

 

25 October) meet—

 

(a)  

at 2.00 pm on Tuesday 25 October; 

 

(b)  

at 11.30 am and 2.00 pm on Thursday 27 October;

 

(c)  

at 9.25 am and 2.00 pm on Tuesday 1 November;

 

(2)  

the Committee shall hear oral evidence in accordance with the following

 

Table:


 
 

Public Bill Committee: 25 October 2016                  

2

 

Savings (Government Contributions) Bill, continued

 
 

TABLE

 

Date

Time

Witness

 
 

Tuesday 25 October

Until no later than

The Tax Incentivised Savings

 
  

10.45 am

Association

 
   

The Association of British

 
   

Insurers

 
 

Tuesday 25 October

Until no later than

The British Banking Association

 
  

11.25 am

Hargreaves Lansdown

 
 

Tuesday 25 October

Until no later than

StepChange

 
  

2.30 pm

Centre for Social Justice

 
 

Tuesday 25 October

Until no later than

Union Pension Services Limited

 
  

3.00 pm

  
 

Tuesday 25 October

Until no later than

Scottish Friendly

 
  

3.30 pm

  
 

Tuesday 25 October

Until no later than

MoneySavingExpert.com

 
  

4.00 pm

The Women’s Budget Group

 
 

(3)  

proceedings on consideration of the Bill in Committee shall be taken in the

 

following order: Clause 1; Schedule 1; Clause 2; Schedule 2; Clauses 3 to 6;

 

new Clauses; new Schedules; remaining proceedings on the Bill;

 

(4)  

the proceedings shall (so far as not previously concluded) be brought to a

 

conclusion at 5.00 pm on Tuesday 1 November.

 

Jane Ellison has given notice of her intention to move a motion in the terms of the

 

Resolution of the Programming Sub-Committee [Standing Order No. 83C].

 


 

Jane Ellison

 

That, subject to the discretion of the Chair, any written evidence received by the

 

Committee shall be reported to the House for publication.

 

 

 


 

Jane Ellison

 

That, at this and any subsequent meeting at which oral evidence is to be heard, the

 

Committee shall sit in private until the witnesses are admitted.

 



 
 

Public Bill Committee: 25 October 2016                  

3

 

Savings (Government Contributions) Bill, continued

 
 

Ian Blackford

 

Dr Eilidh Whiteford

 

6

 

Parliamentary Star    

Schedule  2,  page  16,  line  31,  at end insert—

 

“(1A)    

The conditions specified under subsection (1) shall not include the condition that

 

the individual be over 25 years old if that individual meets all other specified

 

conditions relating to the working tax credit.”

 

Member’s explanatory statement

 

Currently those aged under 25 only qualify for Working Tax Credits if they work at least 16 hours

 

a week. This amendment would ensure any individual aged under 25 would qualify for a Help-to-

 

Save account if they met other specified criteria.

 

Ian Blackford

 

Dr Eilidh Whiteford

 

7

 

Parliamentary Star    

Schedule  2,  page  16,  line  31,  at end insert—

 

“(3A)    

Where a bankruptcy order is made against a person with a Help-to-Save account

 

any bonus paid into the Help-to-Save account will not form part of a debtors

 

estate during insolvency proceedings.

 

(3B)    

Any bonus paid into a Help-to-Save account shall not be liable to be taken as

 

repayment via third party debt orders.”

 

Peter Dowd

 

9

 

Parliamentary Star    

Schedule  2,  page  17,  line  31,  at end insert—

 

“( )    

a credit union;”

 

Ian Blackford

 

Dr Eilidh Whiteford

 

2

 

Parliamentary Star    

Schedule  2,  page  18,  line  16,  leave out “maximum” and insert “average”

 

Member’s explanatory statement

 

See explanatory statement for amendment 5.

 

Ian Blackford

 

Dr Eilidh Whiteford

 

3

 

Parliamentary Star    

Schedule  2,  page  18,  line  19,  leave out “maximum” and insert “average”

 

Member’s explanatory statement

 

See explanatory statement for amendment 5.

 

Ian Blackford

 

Dr Eilidh Whiteford

 

4

 

Parliamentary Star    

Schedule  2,  page  18,  line  19,  after “means”, insert “an average of”

 

Member’s explanatory statement

 

See explanatory statement for amendment 5.


 
 

Public Bill Committee: 25 October 2016                  

4

 

Savings (Government Contributions) Bill, continued

 
 

Ian Blackford

 

Dr Eilidh Whiteford

 

5

 

Parliamentary Star    

Schedule  2,  page  18,  line  19,  after “£50” insert “across every two month period

 

within the maturity period”

 

Member’s explanatory statement

 

Together with amendments 2 and 3, this amendment would allow HTS to provide for “top-up”

 

monthly payments above £50 so long as the average payment for every two months is £50.

 

Ian Blackford

 

Dr Eilidh Whiteford

 

8

 

Parliamentary Star    

Schedule  2,  page  19,  line  11,  at end insert—

 

“(e)    

provisions for eligible persons to be auto-enrolled into Help-to-Save

 

accounts from benefit entitlements unless the individual chooses to opt-

 

out.”

 

Member’s explanatory statement

 

This amendment would enable an “auto-enrolment” workplace saving scheme which would see an

 

individual automatically signed up to a Help-to-Save account. He or she then must “opt-out” to

 

stop money being deducted from their pay or benefits into a savings account.

 

Ian Blackford

 

Dr Eilidh Whiteford

 

1

 

Parliamentary Star    

Schedule  2,  page  20,  line  21,  at end insert “which must be paid no later than six

 

calendar months beginning with the calendar month in which the account is opened”

 

Member’s explanatory statement

 

This amendment would reduce the time before the holder of a Help to Save account would receive

 

a government bonus to six months.

 


 

NEW CLAUSES

 

Peter Dowd

 

NC1

 

Parliamentary Star    

To move the following Clause—

 

         

“Impact review: automatic enrolment and pensions savings

 

(1)    

HMRC must review the impact of Lifetime ISAs on workplace pensions

 

automatic enrolment and pensions savings within one year of this Act coming

 

into force and every year thereafter.

 

(2)    

The conclusions of the review must be made publicly available and laid before

 

each House of Parliament.”

 

Member’s explanatory statement

 

This new clause would place a duty on HMRC to review annually the impact of Lifetime ISAs on

 

automatic enrolment.

 



 
 

Public Bill Committee: 25 October 2016                  

5

 

Savings (Government Contributions) Bill, continued

 
 

Peter Dowd

 

NC2

 

Parliamentary Star    

To move the following Clause—

 

         

“Lifetime ISAs: Advice for applicants

 

(1)    

The Secretary of State must make provision by regulations for all applicants for

 

a Lifetime ISA to have independent financial advice regarding the decision to

 

save in a Lifetime ISA or through a pension made available to them.

 

(2)    

Any applicant that opts in to the services offered under subsection (1) shall be

 

given a signed declaration by that service provider outlining the financial advice

 

that applicant has received.

 

(3)    

Any provider of a Lifetime ISA must confirm whether the applicant—

 

(a)    

intends to use the Lifetime ISA for the purposes of paragraph 7 (1)(b) of

 

Schedule 1,

 

(b)    

has a signed declaration of financial advice under subsection (2),

 

(c)    

is enrolled on a workplace pension scheme or is self-employed.

 

(4)    

Where the provider determines that the applicant is—

 

(a)    

self-employed and does not participate in a pension scheme,

 

(b)    

not enrolled on a workplace pension scheme,

 

(c)    

does not intend to use the Lifetime ISA for the purposes of paragraph

 

7(1)(b) of Schedule 1, or

 

(d)    

does not have a signed declaration of financial advice under subsection

 

(2)

 

    

the provider must provide information to the applicant about the independent

 

financial advice available to them under subsection (1).”

 

Member’s explanatory statement

 

This new clause would place a duty on the Secretary of State to make regulations that ensure all

 

applicants for a Lifetime ISA receive independent financial advice.

 


 

Peter Dowd

 

NC3

 

Parliamentary Star    

To move the following Clause—

 

         

“First-time residential purchase: Research and impact assessment

 

(1)    

Within one year of this Act coming into force the Secretary of State must conduct

 

a review into the potential impact of provisions within paragraph 7(1)(b) of

 

Schedule 1 on house prices in the UK.

 

(2)    

The findings of the review must be made publicly available and laid before each

 

House of Parliament.”

 


 
 

Public Bill Committee: 25 October 2016                  

6

 

Savings (Government Contributions) Bill, continued

 
 

Order of the House [17 October 2016]

 

That the following provisions shall apply to the Savings (Government Contributions)

 

Bill:

 

Committal

 

1.    

The Bill shall be committed to a Public Bill Committee.

 

Proceedings in Public Bill Committee

 

2.    

Proceedings in the Public Bill Committee shall (so far as not previously

 

concluded) be brought to a conclusion on Tuesday 1 November 2016.

 

3.    

The Public Bill Committee shall have leave to sit twice on the first day on

 

which it meets.

 

Proceedings on Consideration and up to and including Third Reading

 

4.    

Proceedings on Consideration and any proceedings in legislative grand

 

committee shall (so far as not previously concluded) be brought to a

 

conclusion one hour before the moment of interruption on the day on which

 

proceedings on Consideration are commenced.

 

5.    

Proceedings on Third Reading shall (so far as not previously concluded) be

 

brought to a conclusion at the moment of interruption on that day.

 

6.    

Standing Order No. 83B (Programming committees) shall not apply to

 

proceedings on Consideration and up to and including Third Reading.

 

Other proceedings

 

7.    

Any other proceedings on the Bill (including any proceedings on

 

consideration of any message from the Lords) may be programmed.

 


 

 

Revised 24 October 2016