HC Deb 18 December 1984 vol 70 c124W
Mr. Roger King

asked the Chancellor of the Exchequer how much revenue would be raised in a full year if lump sum pension entitlements were taxed.

Mr. Peter Bruinvels

asked 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.