Proceeding contribution from Baroness Hollis of Heigham (Labour) in the House of Lords on Monday, 14 July 2008. It occurred during Committee of the Whole House (HL) and Debate on bill on Pensions Bill.
Pensions Bill
Perhaps I may help my noble friend. When I was in the department, I argued for changes in this area but I could not persuade HMRC. The figures may well have altered now and I would not wish to go to the stake on them, but the work that I had done suggested that the tax gain on pensions represented between 45 and 55 per cent of the total value of the final pot. That was the range that we dealt with and it included the tax gain from the 25 per cent lump sum.
Secondary information
- Type
- Proceeding contribution
- Reference
- 703 c1016
- Session
- 2007-08
- Chamber / Committee
- House of Lords chamber
- Subjects
- Compensation Companies Annuities Competition Administrative delays Equality Health Eligibility Gender Income tax Divorce Insolvency Discrimination Financial assistance scheme Index linking Private sector Workplace pensions Pensions Lump sum payments Pension Protection Fund PAYE Scotland State retirement pensions Regulation Taxation Retirement State earnings related pension scheme Pensions Regulator Private equity Civil partnerships dissolution State second pension Impact assessments
- Legislation
- Pensions Bill 2007-08
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-16 00:10:29 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_492095
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