§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer what would be the tax treatment of a retirement lump sum bonus of £35,000 paid to a member of a corporate pension scheme in the private sector on completion of 35 years service, where the recipient was assuming post-retirement employment at an emolument of £45,000 per annum.
§ Mr. Peter ReesI shall let the hon. Friend have a reply as soon as possible.