HC Deb 30 March 1984 vol 57 c308W
Mr. Carter-Jones

asked the Chancellor of the Exchequer in what circumstances the Inland Revenue allows employers to transform retirement benefits into tax-free cash sums before retirement age while the employees remain in employment; and if he will make a statement.

Mr. Moore

[pursuant to his reply, 29 March 1984]: There are no cirumstances in which the Inland Revenue permits employers to transform such benefits and to pay them over as tax-free lump sums to employees continuing in their employment.

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