HC Deb 03 April 1974 vol 871 cc390-1W
Mr. Raymond Fletcher

asked the Secretary of State for Defence if he will take steps to prevent the continued erosion of the real value of Service pensions in view of recent changes in the standard rate of income tax; if he will consider the possibility of allowing Service pensioners the option, at any time, of commuting their pensions into lump sum payments; and if he will make a statement.

Mr. William Rodgers

Service Pensioners are liable to income tax in the ordinary way. They already have the option of commuting part of their pensions at any time, subject to certain conditions.

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