HC Deb 15 February 1972 vol 831 c55W
5. Mr. David James

asked the Chancellor of the Exchequer whether he will propose to permit barristers and other professional people to retain a tax-free cessation payment comparable to the tax-free golden handshakes they might expect to receive had they retired at like age from industry or the Armed Forces.

Mr. Higgins

Section 20(3) of the Finance Act, 1971, provided for non-taxable retirement lump sums to be available to self-employed persons, including professional people.