HC Deb 04 December 1984 vol 69 cc176-7W
Mr. Murphy

asked the Chancellor of the Exchequer what consultation he is planning to have regarding taxation of pensions; and if he will make a statement.

Mr. Hayhoe

I have no such plans.

Sir William Clark

asked the Chancellor of the Exchequer if he will estimate the extra cost to an employer in percentage terms if a pension fund was taxed on investment income and capital gains where benefits remain the same for existing and future pensioners.

Mr. Moore

For a particular pension fund, any additional cost would depend upon the rate of tax and the circumstances of the fund. These would include the nature of the assets held by the fund and the extent of the fund's liabilities to current pensioners and serving members. I regret that it is not possible to provide a general answer.