HL Deb 28 January 2003 vol 643 cc141-2WA
Lord Oakeshott of Seagrove Bay

asked Her Majesty's Government:

What total sum would be required, if the Lord Chancellor were to retire today, to provide the tax-free lump sum and purchase on the open market the index-linked pension to which he is entitled. [HL958]

Lord Williams of Mostyn

To secure an inflation-linked pension annuity of around £90,000 for a man of the Lord Chancellor's age would cost at least £1.7 million at present. To secure all the elements of the Lord Chancellor's pension package, including widow's pension and lump sum on retirement would cost around £2 million.