Bill change could ease means-testing on Npss

The change, which has been inserted after clause 5, requires the Secretary of State to make new rules allowing any pension – including personal accounts – which is converted under the trivial commutation rules to not count towards the calculation of housing benefit; council tax benefit and pension credit where a person is aged 60 or over. Standard Life says the amendment could “have a significant impact on the debate on whether saving in personal accounts would be suitable for lower earners”, and points out as the change was inserted by Baroness Hollis of Heigham, a former Department for ...