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Pensions Bill

Perhaps I may say a brief word as one of those who the noble Lord said had been silent on this issue, although that is partly because we will move our own amendment later. I think that there is a genuine problem here and I sympathise with the Minister on that. I say to the noble Baroness that, even if overall her figures are right, the key difference between pension pots and ISAs is that, although perhaps only a small number is involved, pension pots can be worth several million pounds. I do not know of anyone with an ISA of anything like that sum. That is why I am nervous about these amendments. Potentially there is quite a big tax linkage on some of the very big pots, so I do not think it is right to say that ISAs and pension pots are totally the same.