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| | Minimum Retirement Income |
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| To move the following Clause:— |
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| | ‘(1) | The amount of the Minimum Retirement Income in respect of each tax year shall |
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| | be set by the Chancellor of the Exchequer by order at the level of the standard |
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| | minimum guarantee prescribed under section 2 of the State Pension Credit Act |
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| | (2) | Before making an order under subsection (1), the Chancellor of the Exchequer |
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| | shall consult such persons as he considers appropriate. |
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| | (3) | An order under this section (other than the order that applies to the first tax year |
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| | during which this section is in force) must be made on or before 31st January of |
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| | the tax year before the tax year to which the order applies.’. |
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| | Removal of age limit for annuity protection lump sum death benefit |
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| To move the following Clause:— |
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| | ‘(1) | Schedule 29 to the Finance Act 2004 (c. 12) is amended as follows. |
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| | (2) | In paragraph 16(1) (definition of annuity protection lump sum death benefit), |
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| | paragraph (a) shall cease to have effect.’. |
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| | Report on contribution credits |
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| To move the following Clause:— |
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| | ‘The Secretary of State shall present a report annually to the House of Commons |
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| | (a) | the number of carers in receipt of contribution credits; |
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| | (b) | the number of carers caring for 20 or more hours per week who are not in |
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| | receipt of contribution credits; |
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| | (c) | the associated costs of contribution credits to the National Insurance |
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| | (d) | an estimate of the cost of providing contribution credits to persons falling |
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| | within paragraph (b), and |
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| | (e) | any proposals he may have for reviewing eligibility for contributions |
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| | Deferral of claim to Basic State Pension |
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| To move the following Clause:— |
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| | ‘The Secretary of State shall, no later than 31st December 2007, publish |
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| | proposals as to how the Government will enable those people who have reached |
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| | the state pension age and not made the necessary National Insurance |
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| | contributions or accrued the necessary credits for entitlement to the full Basic |
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| | State Pension, to defer claiming the Basic State Pension and continue to pay |
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| | National Insurance contributions until the entitlement to a full Basic State |
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| | Pension has been accrued.’. |
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| To move the following Clause:— |
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| | ‘The Secretary of State shall, no later than 31st December 2007, publish plans for |
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| | the extension of carers’ credit to all those involved in caring for over 20 hours a |
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| To move the following Clause:— |
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| | ‘The Secretary of State shall bring forward proposals, no later than 1st December |
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| | 2007, to enable people with cumulative earnings from more than one source that |
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| | exceed the lower earnings limit to accrue entitlement to the Basic State Pension.’. |
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| | Report on tax relief on pensions |
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| To move the following Clause:— |
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| | ‘The Secretary of State shall, no later than 1st April 2008, prepare and publish a |
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| | report on tax relief on pension contributions, namely— |
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| | (a) | the annual cost to the Treasury of those reliefs, including projections for |
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| | the following five tax years; |
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| | (b) | the extent to which the existing tax relief on pensions is— |
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| | (ii) | properly focussed, and |
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| | (c) | the costs and benefits of existing pensions tax relief for each income |
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| | (d) | plans to reform tax relief to meet the criteria of fairness, incentivising |
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| | saving and affordability.’. |
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| | Certification scheme for carers |
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| To move the following Clause:— |
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| | ‘After section 23A of the SSCBA (inserted by section 3 of this Act) insert— |
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| | “23B | Contributions credits for relevant parents and carers: supplementary |
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| | The Secretary of State must, not later than 31st December 2007, make |
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| | regulations providing for the certification by health and social care |
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| | professionals of persons who— |
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| | (a) | are engaged in caring for another person or persons for a |
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| | minimum of 20 hours a week, and |
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| | (b) | are not otherwise recognised by regulations under section |
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| Page 3, line 33 [Clause 3], at end insert— |
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| | ‘(d) | is in receipt of a certificate under section 23B.’. |
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| Page 6, line 2 [Clause 5], at end insert ‘; or by a percentage not less than the |
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| percentage by which the general level of prices is greater at the end of the period than it |
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| was at the beginning, whichever is the higher.’. |
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| Page 6, line 5 [Clause 5], at end insert— |
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| | ‘(3A) | The general level of earnings shall be defined as the Average Earnings Index |
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| Page 6, line 5 [Clause 5], at end insert— |
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| | ‘(3A) | The general level of prices shall be defined as the Retail Prices Index.’. |
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| Page 6, line 21 [Clause 5], leave out from ‘shall’ to end of line 22 and insert |
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| ‘determine the general level of earnings as set out in subsection (8A). |
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| | (8A) | If the average earnings index (including bonuses) for the whole economy for |
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| | September in any year is higher than the index for the previous September, the |
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| | Secretary of State shall as soon as practicable make an order in relation to each |
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| | sum mentioned in subsection (1), increasing each sum, if the new index is higher, |
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| | by the same percentage as the amount of the increase of the index.’. |
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| Page 7, line 3 [Clause 5], leave out from ‘means’ to end of line 10 and insert ‘the |
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| Page 7, line 7 [Clause 5], leave out ‘the relevant dissolution date’ and insert ‘6th |
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| Page 7, line 8 [Clause 5], leave out subsection (6). |
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| Page 7, line 10 [Clause 5], at end insert— |
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| | ‘(6A) | The Secretary if State must, on or before 5th April 2009, announce his decision |
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| | as to the date from which he will implement the provision set out in this section.’. |
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| Page 7, line 14 [Clause 5], at end insert— |
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| | ‘(8) | The first draft order laid under section 150 of the Administration Act after this |
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| | Act is passed shall provide for the weekly rate of the basic pension (the first |
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| | amount specified in section 44(4) of the SSCBA) to be increased to an amount |
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| | not less than the standard minimum guarantee for the time being prescribed under |
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| | section 2(4) and (5)(b) of the State Pension Credit Act 2002.’. |
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| Page 14, line 33 [Clause 13], at end insert— |
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| | ‘(4) | Each of the increases in the pensionable age set out in Schedule 3 shall take effect |
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| | only if it appears to the Secretary of State that— |
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| | (a) | by 2024 the average male life expectancy for the poorest decile is 76 or |
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| | (b) | by 2034 the average male life expectancy for the poorest decile is 77 or |
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| | (c) | by 2044 the average male life expectancy for the poorest decile is 78 or |
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| Page 14, line 33 [Clause 13], at end insert— |
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