Member

To then add a further penalty by counting salary sacrifice pension contributions as income for the purposes of student loan repayments seems profoundly unjust. These individuals are doing exactly what we encourage them to do. That generation does not always do as it is asked: acting responsibly, planning for their futures and saving for their retirement. To penalise them for that prudence is frankly unfathomable. I would like to believe that this consequence is not the Government’s intention but rather an oversight in the drafting of the Bill, as mentioned by my noble friend Lord Leigh, that could be remedied simply and sensibly by accepting these amendments.