§ Bob SpinkTo ask the Chancellor of the Exchequer if he will make a statement on the impact of the abolition of the advance corporation tax credit on private pension schemes. [81302]
§ Dawn PrimaroloThe withdrawal of payable tax credits on dividends was part of a package of reforms that included cuts in corporation tax and the abolition of advanced 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.