§ Mr. Roger Kingasked the Chancellor of the Exchequer how much revenue would be raised in a full year if lump sum pension entitlements were taxed.
§ Mr. Peter Bruinvelsasked the Chancellor of the Exchequer if he will estimate the tax yield from taxing lump sum payments on retirement.
§ Mr. Moore[pursuant to his reply, 17 December 1984, c. 65]: Lump sum payments on retirement in 1984–85 are currently estimated at around £3 billion. If lump sums were brought into tax, the yield would depend, amongst other things, on the form of the tax and the rate at which it was charged.