Pension Contributions

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 2:30 pm on 23 April 2007.

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Photo of Justine Greening Justine Greening Vice-Chair (Youth), Conservative Party 2:30, 23 April 2007

I am grateful to the Minister for those statistics. If he has looked at the general household survey conducted by the Office for National Statistics, he will know that since 1995 the number of men and women in full-time employment who have occupational or private pensions—in the age bracket about which I asked—has fallen. Many of my constituents in Putney see getting a pension as a luxury to come after having paid off student debt and perhaps having bought their own home. Given that we know from Barclays that the average starting salary fell last year to £13,800, does the Minister agree that it was particularly unhelpful and counter-productive for the Chancellor to increase income tax on low earners when his Department seeks to introduce personal accounts in which those people are expected to save money?

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