§ 35. Sir H. Lucas-Tooth
asked the Chancellor of the Exchequer, when the restriction limit upon the commutation of very small pensions was first set at pensions not exceeding £39 a year; whether he is aware that this restriction may cause hardship in certain cases; and whether he will review this limit in the light of the continuous fall in the value of money.
§ Mr. Harold Lever
In 1948, while I do not accept the hon. Member's arguments in favour of an increase, I have noted the point for consideration in connection with the general review of the tax rules affecting superannuation schemes which my right hon. Friend announced on 2nd July.