State Pension Credit Bill [HL]
AMENDMENTS
TO BE MOVED
ON REPORT
| | THE LORD HIGGINS
THE BARONESS NOAKES |
| Insert the following new Clause— |
| | No one drawing a State Pension Credit shall suffer a withdrawal rate of benefit greater than 40 per cent." |
| Page 3, line 10, at end insert— |
| "( ) | The claimant's entitlement to the savings credit shall be in the same proportion as their entitlement to the state pension." |
| | THE LORD HIGGINS
THE BARONESS NOAKES |
| Page 3, line 27, at end insert— |
| "( ) | Regulations made under this section may not specify as qualifying income for the purposes of this section any item of income relating to earnings which has been prescribed to be disregarded under section 15(6)(b)." |
| Page 3, line 27, at end insert— |
| "( ) | Where any contributory social security benefit falls to be included in the qualifying income of any claimant, only the actual amount of the benefit received by him shall count for the purposes of this section and there shall not be attributed to any claimant any qualifying income by way of social security benefit which he would have received had he paid a higher amount of contributions." |
| Page 3, line 39, leave out subsection (1) |
| | THE LORD HIGGINS
THE BARONESS NOAKES |
| Page 5, line 41, at end insert— |
| "( ) | Where a recoverable overpayment of state pension credit has occurred as a result of an error which was not caused by the claimant, in the determination of the amount of an element of the claimant's retirement provision, the amount recoverable shall be limited to the amount overpaid in a period of 12 months or the assessed income period, whichever is the shorter." |
| | THE LORD HIGGINS
THE BARONESS NOAKES |
| Page 9, line 11, leave out paragraph (a) |
| Page 9, line 22, at end insert— |
| "( ) | For the purposes of this Act, a person's income shall not include anything arising from any investment or any investment made under a plan which is eligible for relief from income tax under section 333 of the Income and Corporation Taxes Act 1988 (c. 1) (personal equity plans)." |
| Page 9, line 22, at end insert— |
| "( ) | For the purposes of this Act, a person's earnings shall only be treated as income to the extent that it exceeds an amount calculated as sixteen times the hourly rate set under section 2 of the National Minimum Wage Act 1998 (c.39) (determination of hourly rate of remuneration)." |
| Page 9, line 31, at end insert— |
| "( ) | A claimant may elect that income from capital may be calculated by reference to the actual income received or receivable in which event subsections (2) to (5) above shall not apply to that income." |
| Page 9, line 33, leave out paragraph (a) |
| Page 9, line 36, leave out paragraphs (c) and (d) |
| | THE LORD HIGGINS
THE BARONESS NOAKES |
| Page 13, line 30, at end insert— |
| | THE LORD HIGGINS
THE BARONESS NOAKES |
| Page 15, line 11, leave out "etc" |
| Page 15, line 11, leave out "national insurance numbers and other" |
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