§ 37. Mr. Hamlingasked the Chancellor of the Exchequer what representations have been made to him concerning the impact of income tax on pensioners; and whether he will make a statement.
§ Mr. HigginsWe have received a number of proposals that pensions should be exempted from income tax or charged at a low rate, but to do this would breach the general principle that liability is based on total income without regard to the source from which the income is derived.