National Insurance Contributions Bill
10:40 am
Jane Kennedy: As you know, that in itself, as a matter of principle, is something that the Treasury would, naturally, want to have an interest in. For the serious purposes of the Bill, it is part of the overall reform that the Pensions Bill made to pensions provision, and a lot of the measures were announced in the Budget. We discussed this on Second Reading, and the broad purpose of the Bill is simply to ensure that, by making the changes that we are proposing, the anomaly that we have recognised for the higher earners—those contributing to the national insurance contributions fund—do not get a disproportionate benefit later, as a result of their pension payments.