§ 43. Mr. Waddingtonasked the Chancellor of the Exchequer whether he is aware that in Norway and Sweden occupational pension schemes, which include a pension payable in similar circumstances to the basic invalidity pension under the British national insurance scheme, are usual and are approved for tax purposes; and whether he will instruct the Inland Revenue to approve similar provisions in occupational schemes in Great Britain.
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§ Mr. NottInland Revenue rules permit the provision by occupational pension schemes of pensions for employees who have to retire prematurely through invalidity or disablement but not the provision of sickness or disability pay for employees whose illness or injury does not necessitate their early retirement. The Government think it inappropriate that benefits which are not associated with retirement should be brought within the arrangements covering occupational pension schemes.