§ Sir Brandon Rhys Williams
asked the Chancellor of the Exchequer what is currently the combined rate of contribution to private sector occupational pension schemes by employers and employees as a percentage of total payroll renumeration; and if he will take steps to encourage higher rates of contribution by employers or by employees.
§ Mr. Norman Lamont
At present, the average level of contributions by employers and employees to occupational pension schemes amounts to about 18 per cent. of payroll. Provided contributions are not excessive, they may be at whatever level is considered appropriate.