Written question asked by Annabelle Ewing (Scottish National Party) on Tuesday, 26 March 2002, in the House of Commons. It was due for an answer on Thursday, 11 April 2002. It was answered by Andrew Smith (Labour) on Thursday, 11 April 2002 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, what legal advice his Department has obtained in relation to the distribution of the Scottish Bus Group employee pension funds; under what statutory provisions these funds are liable to public general taxation; to what extent ex gratia payments made to former members of the fund are liable to tax; to what extent this applies in respect of payments in excess of £30,000; and at what rate. - Inc figures.

Answer: Annabelle Ewing: To ask the Chancellor of the Exchequer what legal advice his Department has obtained in relation to the distribution of the Scottish Bus Group employee pension funds; under what statutory provisions these funds are liable to public general taxation; to what extent ex-gratia payments made to former members of the fund are liable to tax; to what extent this applies in respect of payments in excess of £30,000; and at what rate. [48282] Mr. Andrew Smith: The Scottish Executive is taking forward the wind up of the STG pension schemes. The tax position is set out in the answer I am today giving to another question of the hon. Lady's ref. 48284.

Secondary information

Type: Written question
Reference: 48282; 383 c579W;383 c577W
Session: 2001-02
Subjects: Distribution Pensions Payments Pension funds Scotland Scottish Bus Group Taxation
Contains statistics: Yes
Link: View this Written question on www.publications.parliament.uk