§ Mr. SteenTo ask the Chancellor of the Exchequer if he will review the 2/3 limit on pensions received by employees earning less than £25,000 per annum and belonging to final salary schemes with an accrual rate of 1/60 per year; and if he will make a statement. [74548]
§ Ruth KellyOn 15 March 2001 the Government announced a review aimed at developing an administrative simplification of the pension tax rules. This is, amongst other things, looking at limits on pensions. The Government has said that it will consult on the recommendations arising from this review later this year.