§ Mr. Meacherasked the Chancellor of the Exchequer by how much he estimates the current annual estate duty yield to be reduced as a result of the exclusion from estate duty liability of the assets of pension funds.
§ Mr. Patrick JenkinEstate duty falls on property passing on a death and assets of pension funds could only so pass, if at all, as being settled property. I assume the hon. Member has in mind the exclusion of pension funds from the charge arising on the death of a beneficiary under a settlement. I have no information as to how much duty would be charged if this exclusion were withdrawn.