HC Deb 03 November 1970 vol 805 c840
22. Mr. Peter Rees

asked the Chancellor of the Exchequer if he will take steps to encourage the growth of pension schemes for the self-employed.

Mr. Patrick Jenkin

I assume that my hon. and learned Friend has in mind changes in the tax provisions relating to retirement annuities for the self-employed. This matter is under review.

Mr. Rees

When my hon. Friend comes to review the position, will he take into account the effect of inflationary trends on the limits imposed by the 1956 Finance Act and that the self-employed are the only category of the community who are not permitted to commute their retirement annuities, unlike civil servants, for example?

Mr. Jenkin

The answer to both parts of the question is, yes, Sir.