Rights of Savers Bill – in a Public Bill Committee am 3:30 pm ar 14 Rhagfyr 2005.
Malcolm Rifkind
Ceidwadwyr, Kensington and Chelsea
Clause 11 sets out how the minimum retirement income will be calculated. The level will be determined annually by the Chancellor of the Exchequer by order, on or before 31 January. It will be set at the level of the minimum income guarantee as set out in the State Pension Credit Act 2002. That is the level at which basic pension credit becomes payable. I commend the clause to the Committee.
