§ 23. Mr. Peter BottomleyTo ask the Secretary of State for Social Security what would be the total value of the reduction in pension contributions to a man on average earnings with a personal pension if the 2 per cent. special incentive were withdrawn.
§ Miss WiddecombeBased on average full-time male earnings of about £16,000 per year, the total amount of national insurance contributions payable in the year 1991–92 would be £3,745. The total amount payable from the national insurance fund to an appropriate personal pension scheme would be £1,037. Withdrawing the 2 per cent. incentive would reduce this by approximately £266.
§ 26. Sir Bernard BraineTo ask the Secretary of State for Social Security what representations he has received about personal pensions.
§ Miss WiddecombeWe have received a number of representations about various aspects of personal pensions.