Written question asked by Lord Varley (Labour), in the House of Lords. It was due for an answer on Wednesday, 30 January 2002. It was answered by Lord McIntosh of Haringey (Labour) on Wednesday, 30 January 2002.

McIntosh of Haringey, Lord

Question: What is their estimate of the tax revenue the Exchequer will forego in the current financial year as a result of the Inland Revenue imposing limits on the payments of annuities which were purchased in previous years by the trustees of some occupational pension schemes for the benefit on retirement of individual pension scheme members, and in particular where the annuity contracts stipulated that there would be an annual uprating of 5% paid to the annuitant. [HL 2467]. - Includes fact that information requested is not available.

Secondary information