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Move back to correct private pension income index (#1207)
* Move back to correct private pension income index * Run on macos * Update reform tests * Changelog entry
1 parent 5673eb8 commit 88bdf19

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.github/workflows/code_changes.yaml

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@@ -21,7 +21,7 @@ jobs:
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with:
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args: ". -l 79 --check"
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Test:
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runs-on: ubuntu-latest
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runs-on: macos-latest
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permissions:
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contents: "read"
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id-token: "write"

changelog_entry.yaml

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- bump: patch
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changes:
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fixed:
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- Private pension income index set to RPI<=5%

policyengine_uk/tests/microsimulation/reforms_config.yaml

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reforms:
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- name: Raise basic rate by 1pp
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expected_impact: 7.8
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expected_impact: 7.7
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parameters:
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gov.hmrc.income_tax.rates.uk[0].rate: 0.21
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- name: Raise higher rate by 1pp
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expected_impact: 5.0
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expected_impact: 4.9
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parameters:
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gov.hmrc.income_tax.rates.uk[1].rate: 0.42
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- name: Raise personal allowance by ~800GBP/year
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parameters:
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gov.hmrc.child_benefit.amount.additional: 25
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- name: Reduce Universal Credit taper rate to 20%
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expected_impact: -38.2
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expected_impact: -38.3
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parameters:
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gov.dwp.universal_credit.means_test.reduction_rate: 0.2
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- name: Raise Class 1 main employee NICs rate to 10%
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parameters:
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gov.hmrc.vat.standard_rate: 0.22
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- name: Raise additional rate by 3pp
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expected_impact: 4.5
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expected_impact: 4.4
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parameters:
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gov.hmrc.income_tax.rates.uk[2].rate: 0.48

policyengine_uk/variables/input/private_pension_income.py

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@@ -10,4 +10,4 @@ class private_pension_income(Variable):
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unit = GBP
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reference = "Income Tax (Earnings and Pensions) Act 2003 s. 1(1)(b)"
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quantity_type = FLOW
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uprating = "gov.obr.per_capita.non_labour_income"
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uprating = "gov.obr.private_pension_index"

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