Impact review: automatic enrolment and pensions savings

Savings (Government Contributions) Bill – in the House of Commons at 6:30 pm on 12th December 2016.

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‘(1) The Treasury must review the impact of Lifetime ISAs on workplace pensions automatic enrolment and pensions savings within one year of this Act coming into force and every year thereafter.

(2) The conclusions of the review must be made publicly available and laid before Parliament.’—(Peter Dowd.)

This new clause would place a duty on HMRC to review annually the impact of Lifetime ISAs on automatic enrolment.

Brought up, and read the First time.

Question put, That the clause be read a Second time.

The House divided:

Ayes 230, Noes 277.

Division number 104

See full list of votes (From The Public Whip)

Aye

No

Question accordingly negatived.

Clause 1