Session 2014 - 15
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1167

 

House of Commons

 
 

Notices of Amendments

 

given on

 

Friday 28 November 2014

 

For other Amendment(s) see the following page(s) of Supplement to Votes:

 

1145-53

 

Consideration of Bill


 

Taxation of Pensions Bill, As Amended


 

Cathy Jamieson

 

NC1

 

To move the following Clause

 

         

“Impact on Government revenues

 

(1)    

The Chancellor of the Exchequer shall, within a period of no more than two years

 

from 6 April 2015, publish and lay before the House of Commons a review of the

 

impact of the changes made by this Act to the Finance Act 2004 and the Income

 

Tax (Earnings and Pensions) Act 2003 on Government revenue, with particular

 

reference to opportunities for tax and national insurance contributions avoidance.

 

(2)    

The information published under subsection (1) should include an assessment of

 

the impact of this Act on—

 

(a)    

the use of salary sacrifice arrangements;

 

(b)    

income tax receipts; and

 

(c)    

national insurance contributions.”

 

Cathy Jamieson

 

NC2

 

To move the following Clause

 

         

“Pension flexibility: Treasury review

 

(1)    

The Chancellor of the Exchequer shall, within a period of no more than 18 months

 

from 6 April 2015, publish and lay before the House of Commons a

 

comprehensive review of the impact of the changes made by this Act to the

 

Finance Act 2004 and the Income Tax (Earnings and Pensions) Act 2003.

 

(2)    

The information published under subsection (1) must include—

 

(a)    

the distributional impact, by income decile of the population, of changes

 

made by this Act to the Finance Act 2004 and Income Tax (Earnings and

 

Pensions) Act 2003;


 
 

Notices of Amendments: 28 November 2014                  

1168

 

Taxation of Pensions Bill, continued

 
 

(b)    

the distributional impact on Exchequer revenues of measures contained

 

within Schedule 2: Death of a Pension Scheme Member, related to

 

changes to the taxation of pensions at death.

 

(c)    

a behavioural analysis;

 

(d)    

an analysis of the cumulative impact of this Act on Exchequer revenues;

 

(e)    

an analysis of the impact of this Act on the purchase of annuities.”

 

Cathy Jamieson

 

40

 

Schedule  1,  page  4,  line  25,  at end add—

 

    “(4)  

That the Secretary of State shall be permitted to make regulations imposing a

 

cap on the charges that may be imposed on members of flexi-access drawdown

 

funds.”

 


 
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Revised 28 November 2014