§ 56. Sir J. Langford-Holtasked the Chancellor of the Exchequer whether he is aware that the Board of Inland Revenue have decided that pension funds set up for the benefit of employees of charities are not charitable and are therefore henceforward to be subjected to income tax; whether he is aware that these funds will therefore be taxed twice when received by the pensioner; and what action he proposes to take to protect pensioners from this double taxation.
§ Mr. Patrick JenkinYes, but it is open to such funds to apply for Revenue approval as superannuation funds if they make any necessary changes in their rules. I do not think that the question of double taxation should arise.