§ Mr. IngramTo ask the Secretary of State for Social Security what was the number of people paying contributions to a personal pension scheme in each year since 1988 under the categories(a) self-employed contributors, (b) employed contributors not contracted-out of the state earnings-related pension scheme; (c) employed contributors contracted-out of SERPS, receiving DSS rebate only contributions to the scheme and (d) employed contributors, contracted-out of SERPS making personal payments in addition to DSS rebates. [21839]
§ Mr. ArbuthnotThe information on employees' personal pensions is in the table. I shall let the hon. Member have a reply on the number of self-employed contributors to personal pensions as soon as possible.
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Type of scheme 1988–89 1989–90 1990–91 1991–92 1992–93 11993– 94 PP with employee contributions2 350 1,050 1,600 2,150 2,500 2,500
Type of scheme 1988–89 1989–90 1990–91 1991–92 1992–93 11993–94 APP based on minimum contributions3 only 850 2,450 2,750 3,050 3,050 2,900 APP with employee contributions 500 1,500 1,900 2,100 2,550 2,650 1 Provisional. 2 The figures for PP's with employee contributions show the number of PP arrangements—this will include a number of people who also have an APP or have more than one PP. It will also include a small number of APP's and PP's where the employee pays no additional contributions but the employer does. 3 Minimum contributions include the National Insurance rebate and any incentives or additions. Tax relief on the employee's share of the minimum contributions is also payable. Note:
PP means a personal pension not contracted out of SERPS.
APP means an appropriate personal pension contracted out of SERPS.
Source:
Inland Revenue aggregate tax returns from all personal pension providers.