Download Document(s): Age_UK_Pensions_bill_second_reading_briefing_June _2013.pdf
Dear Mr Jones, Please find attached Age UK's Pensions Bill briefing. We are expecting the second reading debate to be held in mid-June.
Age UK supports the aims of the single-tier pension. Generally those who will benefit from the changes will be people with low lifetime earnings and those who have had time out of the labour market due to unemployment, caring or disability. The self-employed, who currently only build up entitlement to the basic state pension, could also receive a higher state pension. However there are a number of areas where we would like the government to clearly outline their intent on the face of the bill and where we feel more could be done to ensure particular groups of individuals are not penalised by the changes. We are also concerned that the level of the single tier pension indicated in the White Paper is only just over the level of pension credit guarantee yet overall money is being taken out of the pensions system through the abolition of contracting out. We are disappointed that this bill does nothing for current pensioners including the 1.7 million who currently live in poverty and who will not benefit from the changes in this legislation.