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Written question asked by Lord Varley (Labour), in the House of Lords. It was answered by Lord McKenzie of Luton (Labour) on Monday, 26 June 2006.


Pensions

Question
Whether the old limits of HM Revenue and Customs, which restricted the level of occupational pensions in payment prior to ““A-Day”” on 6 April 2006 and funded by annuities purchased by the trustees of registered pension schemes from insurance companies to discharge their liability to pay a pension, have been preserved in any form.
Answer

These ““old limits”” ceased to be a tax requirement from 6 April 2006, but may remain a feature of the terms of some annuity contracts purchased by the trustees of occupational pension schemes.


Secondary information

Type
Written question
Reference
6489; 683 c130WA
Session
2005-06
Related items
Pensions
Monday, 9 October 2006
Written questions
House of Lords
Pensions
Monday, 9 October 2006
Written questions
House of Lords
Subjects
Annuities Workplace pensions Taxation
Link
View this Written question on www.publications.parliament.uk