§ Mr. Mackinlay
To ask the Prime Minister how much in severance payments the right hon. Members for Kingston upon Thames (Mr. Lamont) and for Watford (Mr. Garel-Jones) will receive following their departure from ministerial office; and to what extent such payments are free from income tax.
§ The Prime Minister
Severance payments for Ministers are determined under the provisions of the Ministerial and other Pensions and Salaries Act 1991. Under the Income and Corporation Taxes Act 1988, severance payments of less than £30,000—including those to former Ministers —are exempt from tax.