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Session 1998-99
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Amendments to the Welfare Reform and Pensions Bill

Welfare Reform and Pensions Bill -
Amendments to be debated in the House of Lords

Here you can browse the Amendments to the Welfare Reform and Pensions Bill to be moved on Report in the House of Lords.

  
After Clause 18
 
  
BY THE LORD HIGGINS
 
     Insert the following new Clause-- 
     ("  .  No pension scheme shall require a person to take out a pension in the form of an annuity by a specified age.")Pension schemes:
restriction.
  
After Clause 52
 
  
BY THE LORD HIGGINS
 
     Insert the following new Clause-- 
     ("  .--(1)  The Income Support (General) Regulations 1987 shall be amended as follows.
 
    (2)  At the beginning of regulation 45 (capital limit) there is inserted "Subject to regulation 45A".
 
    (3)  After regulation 45 there is inserted--
        45A.  For the purposes of section 22(6) of the Social Security Act 1986 as it applies to income support (no entitlement to benefit if capital exceeds prescribed amount), the prescribed amount for persons of pensionable age is £16,000."")
Income support:
capital limit for
pensioners.
     Insert the following new Clause-- 
     ("  .--(1)  The Income Support (General) Regulations 1987 shall be amended as follows.
 
    (2)  After regulation 53 (calculation of tariff income from capital) there is inserted--
        53A.  Where a claimant is of pensionable age and his capital calculated in accordance with this part exceeds £8,000 it shall be treated as equivalent to a weekly income of £1 for each complete £250 in excess of £8,000 but not exceeding £16,000."")
Income support:
calculation of
tariff income from
capital of
pensioners.
     Insert the following new Clause-- 
     ("  .--(1)  The Income Support (General) Regulations 1987 shall be amended as follows.
 
    (2)  At the beginning of regulation 45 (capital limit) there is inserted "Subject to regulation 45A".
 
    (3)  After regulation 45 there is inserted--
        45A.  For the purposes of section 22(6) of the Social Security Act 1986 as it applies to income support (no entitlement to benefit if capital exceeds prescribed amount), the prescribed amount for persons of pensionable age is £16,000 and this amount shall be uprated each year in line with inflation."")
Income support:
capital limit for
pensioners
(No. 2).
     Insert the following new Clause-- 
     ("  .--(1)  The Income Support (General) Regulations 1987 shall be amended as follows.
 
    (2)  After regulation 53 (Calculation of tariff income from capital) there is inserted--
        53A.  Where a claimant is of pensionable age and his capital calculated in accordance with this part exceeds £8,000 it shall be treated as equivalent to a weekly income of £1 for each complete £250 in excess of £8,000 but not exceeding £16,000, and these amounts shall be uprated each year in line with inflation."")
Income support:
calculation of
tariff income
from capital of
pensioners
(No. 2).
  
 
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Prepared 2 August 1999