Baroness Altmann – 2016 Parliamentary Question to the Department for Work and Pensions

The below Parliamentary question was asked by Baroness Altmann on 2016-09-06.

To ask Her Majesty’s Government what action the Department for Work and Pensions has taken to inform employers and pension scheme members of the implications for those on low pay of using a net-pay scheme rather than a relief-at-source scheme that adds the tax relief due.

Lord Freud

Pensions’ taxation is a matter for Her Majesty’s Revenue and Customs.

The noble Baroness may, however, find it helpful to note that the Pensions Regulator’s website provides comprehensive guidance for employers about their duties under workplace pensions’ legislation. This guidance covers pension scheme choice and the implications for an employer’s workforce of net-pay arrangements and relief-at-source schemes.