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Pensions

Volume 460: debated on Thursday 17 May 2007

To ask the Chancellor of the Exchequer what assessment he has made of the potential effect on costs arising from arranging for the pension policies held with different employers of one individual to be dealt with by a single tax office. (137637)

HMRC have no plans to bring together how they deal with employer and occupational pension records into a single office. No work has been done to identify the costs or the impact on the handling of pension policies.

However, in 2008 HMRC will bring together individual’s PAYE records, both employment and pension records, onto a single database to improve the standards of customer service and deliver cost efficiencies throughout the department.