Skip to main content

Pension Rights: Bankruptcy

Volume 455: debated on Monday 8 January 2007

To ask the Secretary of State for Work and Pensions whether the estimate of the cost of reinstating the pensions of those pension scheme members covered by the recommendations of the Parliamentary Ombudsman referred to in the answer of 11 July 2006, Official Report, column 1752W, on pensions, takes into account income from tax on all pensions and reductions in means-tested benefits payable. (108774)

[holding answer 12 December 2006]: No. The length of time over which payments would be made makes it difficult to estimate what the cost would be after adjustments for increased tax revenue and reduced income-related benefit expenditure, as this would depend on the income distribution of people affected, the tax brackets they are in and their benefit entitlements.