text_body: --- DIVISION TITLE ---
  
  Emergency Budget - Pensions
  
  --- MOTION EFFECT ---
  
  The majority of MPs voted in favour of changes to certain workplace pensions schemes intended to enable "auto-enrolment" and make them more tax efficient.    
  
  The motion approved by MPs was:
  
  :That provision may be made about registered pension schemes.
  
  Section 2.152 of the Red Book[1], which provides the details of the budget, states:
  
  :Changes will be made to pensions tax legislation in the Finance Bill introduced in the autumn to enable the National Employment Savings Trust (NEST) to register as a pension scheme for tax purposes. Further legislation will be introduced in Finance Bill 2011 to remove tax charges on late contributions following auto-enrolment and to amend the tax rules on unauthorised borrowing by registered pension schemes. (March 2010 Budget)
  
  The coalition's programme for government[2] states:
  :We will simplify the rules and regulations relating to pensions to help reinvigorate occupational pensions, encouraging companies to offer high-quality pensions to all employees, and we will work with business and the industry to support auto enrolment.
  
  
  NEST is described on the Personal Accounts Delivery Authority[3] website as:
  :NEST is being created to provide a low-cost, independent, workplace pension scheme that any employer can use. It aims to provide access to workplace pension saving to millions of people â typically those on low to middle incomes.
  
  As one of two votes following the debate on the Emergency Budget support for this motion might be taken as general support for the budget as a whole as well as specific support for the measures related to private sector employee pensions. 
  
  * [1] [http://www.hm-treasury.gov.uk/junebudget_documents.htm June 2010 Budget Documents]
  * [2] [http://programmeforgovernment.hmg.gov.uk/pensions-and-older-people/ Coalition Programme for Government - Pensions and Older People]
  * [3] [http://www.padeliveryauthority.org.uk/personal-accounts.asp More details on the NEST scheme] 
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  