§ Mr. Frank FieldTo ask the Chancellor of the Exchequer pursuant to his statement of 27 November 2002,Official Report, column 326, whether the proportion of an individual's pension fund that is allowed to be taken as a tax free lump sum on retirement will remain the same. [85223]
§ Ruth KellyThe Secretary of State for Work and Pensions will publish the Government's Green Paper on pensions on 17 December 2002. This will include proposals to simplify the tax treatment of pensions.
As confirmed by the Chancellor in his pre-Budget report statement, the tax-free lump sum payment to retirees will remain.