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Primary member
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Taylor of Goss Moor, Lord
Type
House
Session
Year
Department
Member
Primary member
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Taylor of Goss Moor, Lord (6)
Answering member
Legislative stage
Legislation
Subject
Publisher
To ask the Secretary of State for Work and Pensions, if he will estimate the cost to the Exchequer, net of savings in means-tested benefits and of non-introduction of the pension credit and of additional income tax revenue, of an increase of £5 per week in the basic state pension...
To ask the Secretary of State for Work and Pensions, if he will estimate the cost to the Exchequer, net of savings in means-tested benefits and of non-introduction of the pension credit and of additional income tax revenue, of an increase of £5 per week in the basic state pension...
Asked by
Lord Taylor of Goss Moor
(Liberal Democrat)
Answered by
Ian McCartney
(Labour)
Answering body
Department for Work and Pensions
Type
Written questions
Status
Answered
Tabled on
27 January 2003
For answer on
10 March 2003
Answered on
10 March 2003
Matthew Taylor: To ask the Secretary of State for Work and Pensions if he will estimate the cost to the Exchequer, net of savings in
means-tested benefits and of non-introduction of the pension credit and of additional income tax revenue, of an increase of £5 per
week in the basic state pension together with the introduction of age additions of £5 per week at age 75-79 and £10 per week at age
80 years and over, on the basis that the age additions for those aged 75 to 79 and 80 years and over are paid in full, regardless of
contribution record. [94404]
Mr. McCartney: Our priority is to target help on those current pensioners who have the lowest incomes. While it is true that older
pensioners tend to be poorer on average, income inequality is far more pronounced across the whole pensioner population than between
pensioners of different ages. For example, the median net income of the richest fifth of pensioner couples is around four times that
of the poorest fifth.
Age additions are not the most effective way to target those pensioners with the lowest incomes. For example, just under half of all
minimum income guarantee claimants are aged under 75.
From October 2003, the poorest third of pensioner households will have gained over £1,500 a year in real terms as a result of the
reforms introduced by this Government.
If the maximum rate payable of the basic state pension was increased by £5 per week and weekly age additions of £5 were introduced
for people aged 75-79 and £10 for people aged 80 and over in 2003-04, we estimate that the increase in public expenditure could be
in the region of £0.5bn. This assumes that pension credit is not introduced and spending is re-directed into the basic state
pension. It is also calculated on the generous assumption that consequent savings in other benefits and any additional tax yield are
channelled back into the basic state pension.
In this scenario, many of the poorest pensioners are no better off than they would have been under pension credit because their
increased basic state pension is completely offset by the reduction in their minimum income guarantee. Instead, expenditure is
targeted on those further up the income distribution. In addition many pensioners with modest private pension provision would be
worse off under this scenario than under pension redit.
For example, a person aged 75 is receiving a full basic state pension and has a small private pension worth £10 per week. Under
these proposals, they would receive a basic state pension of £87.45, plus their private pension of £10 per week and would be topped
up to £102.10 by the minimum income guarantee.
Under pension credit they would receive £77.45 from the basic state pension and would still be topped up to the guarantee of
£102.10. However in addition they would also receive a savings credit of £6 per week, giving a total weekly income of £108.10. This
person is over £300 per year better off under pension credit than under the suggested proposals.
Notes:
1. Estimates are in cash terms for Great Britain and are rounded to the nearest £0.5bn.
2. The estimate takes account of offsetting savings in income related benefits and additional tax yield. Income related benefit
offsets are calculated using the Department for Work and Pensions Policy Simulation Model for 2003/04. Additional tax yield is
calculated by the Inland Revenue based upon the Survey of Personal Incomes2000/01, projected to 2003/04.
3. Calculations assume the maximum rate payable of the Basic State Pension is increased by £5 per week and all other payments
proportionately and that age additions of 5 per week are paid to all those aged 75-79 and £10 per week to those aged 80 and over.
4. For modelling purposes, the pension credit is assumed to be in place throughout2003/04. In fact, the pension credit will begin in
October 2003.
5. Projections of distributional consequences for 2003/04 are subject to a variety of assumptions and should be treated with
caution.
Source: Department for Work and Pensions calculations.
Subjects
Costs; Income support; Pension credit; Pensioners; Poverty; Means-tested benefits; State retirement pensions; Uprating
Date
10 March 2003
Reference
94404; 401 c94-5W
House
House of Commons
To ask the Secretary of State for Social Security, pursuant to Cm 4917, if he will update his Answer on the costs of changes to pensions to the honourable Member for Northavon, of 3rd July, 353 c14-5W; and if he will make a statement.
To ask the Secretary of State for Social Security, pursuant to Cm 4917, if he will update his Answer on the costs of changes to pensions to the honourable Member for Northavon, of 3rd July, 353 c14-5W; and if he will make a statement.
Asked by
Lord Taylor of Goss Moor
(Liberal Democrat)
Answered by
Lord Rooker
(Labour)
Answering body
Department of Social Security
Type
Written questions
Status
Answered
Tabled on
9 November 2000
For answer on
30 November 2000
Answered on
30 November 2000
Mr. Matthew Taylor: To ask the Secretary of State for Social Security, pursuant to Cm 4917, if he will update his answer on the
costs of changes to pensions to the hon. Member for Northavon (Mr. Webb) of 3 July 2000, Official Report, column 15W; and if he will
make a statement. [138339]
Mr. Webb: To ask the Secretary of State for Social Security if he will estimate the cost to the Exchequer, net of savings in
means-tested benefits and of additional income tax revenue, of an increase of £5 per week in the basic state pension together with
the introduction of age additions of £5 per week at age 75 and £10 per week at age 80 years if such a policy were to be implemented
in April 2001 and was in addition to the increases already announced for that date. [139073]
Mr. Rooker: Revised estimates indicate that the gross costs of the spending proposals set out by the hon. Member for Northavon (Mr.
Webb) are £0.1 billion lower in 2001-02, 2002-03, 2004-05 and 2005-06 than estimated in my written answer of 3 July 2000, Official
Report, column 15W. The estimate for 2003-04 is unchanged. If the consequential effects on Incapacity Benefit assumed in my answer
of 3 July are excluded, the estimated gross cost is reduced further by £0.4 billion in 2001-02 and 2002-03, by £0.5 billion in
2003-04 and by £0.4 billion in 2004-05 and 2005-06. The effect of offsetting income-related benefits is to reduce costs by another
£1.1 billion each year. Excluding tax effects as well reduces costs by £0.3 billion on top of that in the three years for which
estimates are available.
Subjects
Pensioners; Pensions; State retirement pensions; Uprating
Date
30 November 2000
Reference
138339; 357 c853W;357 c853-4W
House
House of Commons
To ask the Secretary of State for Social Security, if he will estimate the cost of introducing a top up on the basic state pension of (a) £3 at age 75 years and £5 at age 80 years and (b) £5 at age 75 years and £10 at age 80...
To ask the Secretary of State for Social Security, if he will estimate the cost of introducing a top up on the basic state pension of (a) £3 at age 75 years and £5 at age 80 years and (b) £5 at age 75 years and £10 at age 80...
Asked by
Lord Taylor of Goss Moor
(Liberal Democrat)
Answered by
Lord Rooker
(Labour)
Answering body
Department of Social Security
Type
Written questions
Status
Answered
Tabled on
19 January 2000
For answer on
24 January 2000
Answered on
24 January 2000
Mr. Matthew Taylor: To ask the Secretary of State for Social Security if he will estimate the cost of introducing a top up on the
basic state pension of (a) £3 at age 75 years and £5 at age 80 years and (b) £5 at age 75 years and £10 at age 80 years. [106518]
Mr. Rooker: The information is in the table.
Estimated cost of introducing a top up on the basic state retirement pension for 2000-01
£ million
_________________________________________________________________________________________________.
Gross Net
£3 per week for ages 75-79, £5 per week for 940 640
ages 80 and over
£5 per week for ages 75-79, £10 per week for 1,810 1,220
ages 80 and over
_________________________________________________________________________________________________.
Notes: 1. Gross estimates have been provided by the Government Actuary's Department. 2. Age-related increases are assumed to be paid
in full irrespective of the proportion of the full Category A rate of basic state pension received. 3. Means-tested benefit offsets
have been estimated using the Income Support Simulation Model and the Policy Simulation Model. 4. Estimates are in 1999-2000 prices
and are rounded to the nearest £10 million.
Subjects
Older people; State retirement pensions; Uprating; Age addition
Date
24 January 2000
Reference
343 c85-6W; 106518
House
House of Commons
To ask the Secretary of State for Social Security, if he will estimate the cost of raising the basic state pension (a) to the level of income support, (b) by £5 per week, and (c) by £10 per week. - Table given.
To ask the Secretary of State for Social Security, if he will estimate the cost of raising the basic state pension (a) to the level of income support, (b) by £5 per week, and (c) by £10 per week. - Table given.
Asked by
Lord Taylor of Goss Moor
(Liberal Democrat)
Answered by
Lord Rooker
(Labour)
Answering body
Department of Social Security
Type
Written questions
Status
Answered
Tabled on
19 January 2000
For answer on
24 January 2000
Answered on
24 January 2000
Mr. Matthew Taylor: To ask the Secretary of State for Social Security if he will estimate the cost of raising the basic State
Pension (a) to the level of income support, (b) by £5 per week, and (c) by £10 per week. [106516]
Mr. Rooker: The information is in the table:
Estimated cost of raising the basic State Pension, including linked benefits for 2000-01
£ million
_________________________________________________________________________________________________.
Gross Net
To minimum income guarantee level 6,280 4,830
By £5 per week 2,870 2,200
By £10 per week 5,740 4,410
_________________________________________________________________________________________________.
Notes: 1. Gross estimates have been provided by the Government Actuary's Department. 2. For part (a), the full Category A rate of
pension has been raised to the level of the Minimum Income Guarantee for a single pensioner aged 60-74 (£78.45 per week in 2000-01).
Other categories of State Pension have been increased pro-rata. 3. For parts (b) and (c), the increases shown apply to the full
Category A rate. Other categories of State Pension have been increased pro-rata. 4. Means-tested benefit offsets have been estimated
using the Income Support Simulation Model and the Policy Simulation Model. 5. Estimates are in 1999-2000 prices and are rounded to
the nearest £10 million.
Subjects
Income support; State retirement pensions; Uprating
Date
24 January 2000
Reference
343 c85W; 106516
House
House of Commons
To ask the Secretary of State for Social Security, if he will estimate the cost of raising the over 80 top-up on the state pension from 25 pence per week to (a) £5 per week, (b) £10 per week, and (c) £15 per week; and if he will make a...
To ask the Secretary of State for Social Security, if he will estimate the cost of raising the over 80 top-up on the state pension from 25 pence per week to (a) £5 per week, (b) £10 per week, and (c) £15 per week; and if he will make a...
Asked by
Lord Taylor of Goss Moor
(Liberal Democrat)
Answered by
Lord Rooker
(Labour)
Answering body
Department of Social Security
Type
Written questions
Status
Answered
Tabled on
19 January 2000
For answer on
24 January 2000
Answered on
24 January 2000
Mr. Matthew Taylor: To ask the Secretary of State for Social Security if he will estimate the cost of raising the over 80 top-up on
the state pension from 25 pence per week to (a) £5 per week, (b) £10 per week, and (c) £15 per week; and if he will make a
statement. [106517]
Mr. Rooker: The information is in the table.
Estimated cost of raising the age addition to the basic state retirement pension for 2000-01
£ million
_________________________________________________________________________________________________.
Gross Net
£5 per week 620 390
£10 per week 1,280 810
£15 per week 1,930 1,270
_________________________________________________________________________________________________.
Notes: 1. Gross estimates have been provided by the Government Actuary's Department. 2. Age-related increases are assumed to be paid
in full irrespective of the proportion of the full Category A rate of basic state pension received. 3. Means-tested benefit offsets
have been estimated using the Income Support Simulation Model and the Policy Simulation Model. 4. Estimates are in 1999-2000 prices
and are rounded to the nearest £10 million.
Subjects
Older people; State retirement pensions; Uprating; Age addition
Date
24 January 2000
Reference
343 c86W; 106517
House
House of Commons
What action has been taken in the last six months with regard to the indexation of public sector pensions; what plans he has for determining future increases in public sector pensions. - Inc figures & ref to 178 c348-66 (Holding answer 7 May 91).
What action has been taken in the last six months with regard to the indexation of public sector pensions; what plans he has for determining future increases in public sector pensions. - Inc figures & ref to 178 c348-66 (Holding answer 7 May 91).
Asked by
Lord Taylor of Goss Moor
(Liberal Democrat)
Answered by
Baroness Shephard of Northwold
(Conservative)
Answering body
Treasury
Type
Written questions
Status
Answered
For answer on
9 May 1991
Answered on
9 May 1991
Subjects
Index linking; Pensions; Public sector; Social security benefits; Uprating
Date
9 May 1991
Reference
190 c554W;190 c556W
House
House of Commons