§ Mr. Gouldasked the Chancellor of the Exchequer why the certification of policies known as senior plan and senior saver policies as qualifying policies for the purposes of schedule 2 Part 1 of the Finance Act 1975 has been withdrawn.
§ Mr. Norman Lamont[pursuant to his reply, 24 November 1986, c. 180]: The certification of standard forms of the senior plan and senior saver policies as qualifying policies has not been withdrawn by the Inland Revenue. The Revenue takes the view that, in the terms of the contracts, the senior plan and senior saver policies actually issued neither conform to the standard form previously certified nor satisfy the statutory conditions for qualifying policies set out in the Taxes Act.