Ian Swales occasionally rebelled against their party in this parliament
There is incredible complexity when there is more than one pension contribution, but does the hon. Lady nevertheless accept that the situation she describes already applies? There is no change, as if people contribute to more than one pension scheme and breach their annual allowance, that is picked up only when they do their tax returns.
I am sure that the Minister is listening to that point. The hon. Lady knows it is difficult to know the annual allowance figure for people in employment until the end of the year. Those of us who look at our parliamentary pension statements can sometimes be surprised by the annual allowance figure.
The witness from the Financial Services Consumer Panel said that products are already emerging that are “even more complex than annuities.”––[Official Report, Taxation of Pensions Public Bill Committee, 11 November 2014; c. 12, Q15.] She said that she could not see how those products would be sold without regulated financial advice as opposed to guidance, because of...
Liberal Democrat MP for Redcar
Entered House of Commons on 6 May 2010 — General election
Please note that numbers do not measure quality. Also, representatives may do other things not currently covered by this site.
More about this
Last updated: 10 Nov 2014.
Please feel free to use the data on this page, but if you do you must cite TheyWorkForYou.com in the body of your articles as the source of any analysis or data you get off this site.
This data was produced by TheyWorkForYou from a variety of sources. Voting information from Public Whip.