§ Mr. Carter-Jonesasked the Chancellor of the Exchequer in what circumstances the Inland Revenue allows employers to transform retirement benefits into tax-free cash sums before retirement age while the employees remain in employment; and if he will make a statement.
§ Mr. Moore[pursuant to his reply, 29 March 1984]: There are no cirumstances in which the Inland Revenue permits employers to transform such benefits and to pay them over as tax-free lump sums to employees continuing in their employment.