My point was that although, of course, the charge will add to the amount they pay, overall they will get a better state pension over the lifetime of that pension. It is a trade-off, in a sense: they get more, but they have to pay a bit more. Whichever way we cut it, it would be complex and difficult to avoid that. During the passage of the Bill, we will be happy to hear more from the hon. Gentleman and to hear any ideas he has, but our principal position at the moment is to reduce it to the smallest level that we can.
Pensions Bill
Proceeding contribution from
Iain Duncan Smith
(Conservative)
in the House of Commons on Monday, 17 June 2013.
It occurred during Debate on bills on Pensions Bill.
Type
Proceeding contribution
Reference
564 c649 
Session
2013-14
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2022-04-17 17:24:49 +0100
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