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State Pension - Question

Part of the debate – in the House of Lords at 11:15 am on 28th April 2016.

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Photo of Baroness Altmann Baroness Altmann The Minister of State, Department for Work and Pensions 11:15 am, 28th April 2016

The noble Lord makes an important point; it is one that the Government have already been looking at. The new state pension will give much more clarity and generosity to the base on which the self-employed can build. The new lifetime ISA may be an opportunity for the self-employed to save in a way that they might be more comfortable with, rather than locking money irrevocably into a pension in their 20s and 30s.