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Centre for Policy on Ageing | |
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The pension credit: a consultation paper
— presented to Parliament by the Secretary of State for Social Security, November 2000 | | Corporate Author | Department of Social Security - DSS |
| Publisher | TSO, London, 2000 |
| Pages | 32 pp (Cm 4900) |
| Source | Welfare Reform (Pensions), Freepost (HA4441), Hayes UB3 1BR. Tel. 020 8867 3201; fax 020 8867 3264 (quoting code PC). |
| Keywords | Pensions ; Income tax [older people] ; Government publications. |
| Annotation | The Government proposes introduction of the Pension Credit from 2003, which will overhaul the current Minimum Income Guarantee (MIG) getting more help to the poorest pensioners, and rewarding pensioners with low and modest incomes who miss out on the MIG under the current system. Also proposed are changes to the tax system to older tax payers. Key features will include: higher guaranteed minimum income levels which keep pace with earnings; a cash reward for pensioners on low and modest incomes for every pound of income from their savings, second pensions or earnings; and abolition of the capital rules and the weekly means-test (paving the way for greater integration with the tax system). This consultation paper gives examples of how the Pension Credit would work. Reference is made to the introduction of transitional arrangements for "extra support" from April 2001 ahead of the Credit's introduction. Comments are invited by 28 February 2001, addressed to: The Pension Credits Consultation Team, Department of Social Security, 5th Floor, The Adelphi, 1-11 John Adam Street, London WC2N 6HT. (or e-mail pension-credit-team@ms41.dss.gsi.gov.uk). (RH). |
| Accession Number | CPA-001122221 B |
| Classmark | JJ: JT: 6OA |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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