| Amendments proposed to the Finance Bill - continued | House of Commons |
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Mr Oliver Letwin 413 Schedule 32, page 452, line 8, leave out 'and calculation B gives the greater' and insert ', calculation B and calculation C gives the greatest'.
Mr Oliver Letwin 414 Schedule 32, page 452, line 27, at end insert—'(6A) Calculation C involves first increasing that annual amount to the annual amount which would have been paid if on each anniversary of the payment of the pension commencing, it had been increased by the permitted margin at that time, and second increasing that annual amount by whichever of the calculation A and calculation B gives the greater amount.'.
Mr Oliver Letwin 263 Schedule 32, page 453, line 4, leave out '75' and insert '80'.
Mr Paul Boateng 435 Clause 206, page 173, line 19, leave out subsection (5).
Mr Oliver Letwin 415 Clause 207, page 173, leave out line 29 and insert—'(2) The standard lifetime allowance is, for the tax year—
Mr Oliver Letwin 416 Clause 207, page 173, line 32, after 'year', insert 'increased by the percentage increase (if any) in national average earnings over that tax year'.
Mr Paul Boateng 324 Clause 207, page 174, line 13, at end insert—'(7) In this Part references (however expressed) to a person's lifetime allowance at any time are to what would be the person's lifetime allowance, calculated in accordance with this section, if a benefit crystallisation event occurred in relation to the person at that time.'.
Mr Paul Boateng 325 Clause 208, page 175, line 13, at end insert—'(9) In this Part references (however expressed) to the portion of a person's lifetime allowance that is available at any time are to the portion of the person's lifetime allowance that would be available, calculated in accordance with this section, if a benefit crystallisation event occurred in relation to the person at that time.'.
Mr Paul Boateng 436 Clause 211, page 177, line 9, leave out from 'would' to end of line 10 and insert ', on the valuation assumptions (see section (Valuation assumptions)), be available for the provision of benefits to or in respect of the individual under the arrangement if'.
Mr Paul Boateng 437 Clause 211, page 177, line 14, leave out from 'would' to first 'the' in line 16 and insert ', on the valuation assumptions, be available for the provision of benefits to or in respect of the individual under the arrangement if'.
Mr Oliver Letwin 417 Clause 211, page 177, line 30, after 'is', insert 'that part of the value of the individual's benefits under the arrangement which relate to'.
Mr Paul Boateng 438 Clause 212, page 178, leave out line 10 and insert—
(RVF x PE + LSE) - (RVF x PB + LSB)
Mr Paul Boateng 439 Clause 212, page 178, line 13, leave out from first 'the' to end of line 14 and insert 'annual rate of the pension which would, on the valuation assumptions (see section (Valuation assumptions)), be payable to the individual under the arrangement if the individual became'.
Mr Paul Boateng 440 Clause 212, page 178, line 16, leave out from 'would' to 'entitled' in line 18 and insert ', on the valuation assumptions, be entitled under the arrangement (otherwise than by commutation of pension) if the individual became'.
Mr Paul Boateng 441 Clause 212, page 178, line 20, leave out from first 'the' to end of line 21 and insert 'annual rate of the pension which would, on the valuation assumptions, be payable to the individual under the arrangement if the individual became'.
Mr Paul Boateng 442 Clause 212, page 178, line 23, leave out from 'would' to 'entitled' in line 25 and insert ', on the valuation assumptions, be entitled under the arrangement (otherwise than by commutation of pension) if the individual became'.
Mr Paul Boateng 443 Clause 214, page 180, line 28, leave out from 'would' to third 'the' in line 30 and insert ', on the valuation assumptions (see section (Valuation assumptions)), be available for the provision of benefits to or in respect of the individual under the arrangement if'.
Mr Paul Boateng 444 Clause 214, page 180, line 33, leave out from 'would' to first 'the' in line 35 and insert ', on the valuation assumptions, be available for the provision of benefits to or in respect of the individual under the arrangement if'.
Mr Paul Boateng 445 Clause 215, page 181, leave out line 23 and insert—
(RVF x PE + LSE) - (RVF x PB + LSB)
Mr Paul Boateng 446 Clause 215, page 181, line 26, leave out from first 'the' to 'entitled' in line 28 and insert 'annual rate of the pension which would, on the valuation assumptions (see section (Valuation assumptions)), be payable to the individual under the recognised overseas scheme arrangement if the individual became'.
Mr Paul Boateng 447 Clause 215, page 181, line 30, leave out from 'would' to 'entitled' in line 32 and insert ', on the valuation assumptions, be entitled under the arrangement (otherwise than by commutation of pension) if the individual became'.
Mr Paul Boateng 448 Clause 215, page 181, line 34, leave out from first 'the' to end of line 35 and insert 'annual rate of the pension which would, on the valuation assumptions, be payable to the individual under the arrangement if the individual became'.
Mr Paul Boateng 449 Clause 215, page 181, line 37, leave out from 'would' to 'entitled' in line 39 and insert ', on the valuation assumptions, be entitled under the arrangement (otherwise than by way of commutation of pension) if the individual became'.
Mr Oliver Letwin 425 Clause 217, page 183, leave out line 2 and insert—'(2) The annual allowance is as follows—
Mr Oliver Letwin 418 Clause 217, page 183, line 4, after 'year', insert 'increased by the percentage increase (if any) in national average earnings over that tax year'.
Mr Paul Boateng 450 Clause 219, page 183, line 36, leave out from 'would' to third 'the' in line 37 and insert ', on the valuation assumptions (see section (Valuation assumptions)), be available for the provision of benefits to or in respect of the individual under the arrangement if'.
Mr Paul Boateng 451 Clause 219, page 183, line 40, leave out from 'would' to third 'the' in line 41 and insert ', on the valuation assumptions, be available for the provision of benefits to or in respect of the individual under the arrangement if'.
Mr Paul Boateng 452 Clause 223, page 185, line 40, leave out from first 'the' to end of line 41 and insert 'annual rate of the pension which would, on the valuation assumptions (see section (Valuation assumptions)), be payable to the individual under the arrangement if the individual became'.
Mr Paul Boateng 453 Clause 223, page 185, line 44, leave out from 'would' to 'entitled' in line 1 on page 186 and insert ', on the valuation assumptions, be entitled under the arrangement (otherwise than by commutation of pension) if the individual became'.
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