HC Deb 07 November 2002 vol 392 c766W
Phil Sawford

To ask the Chancellor of the Exchequer what the long-term implications are of the abolition of dividend tax credits for pension funds; and if he will make a statement. [78240]

Ruth Kelly

The withdrawal of payable tax credits on dividends was part of a package of reforms that included cuts in corporation tax and the abolition of advance corporation tax. These changes were designed to improve the climate for long-term investment in the UK. In the long run, this should benefit all investors—including pension funds and those saving for retirement.

Dr. Julian Lewis

To ask the Chancellor of the Exchequer what discussions he has with other Ministers on the effects of his policies on pension funds. [78254]

Ruth Kelly

Treasury Ministers have many discussions with other Ministers on a range of matters, including pensions.