UK Parliament / Open data

Pensions Bill

Proceeding contribution from Lord McKenzie of Luton (Labour) in the House of Lords on Monday, 27 October 2008. It occurred during Debate on bills on Pensions Bill.
My Lords, this has been a shorter debate, and I seek not to reiterate all the points that I made when discussing the proposed temporary suspension of the age 75 ““annuitisation requirement””. I say to the noble Baroness, Lady Greengross, that of course the Government keep this under review, and we will continue to do so, although we are not in a position tonight to accept either of the amendments in this group. It is interesting that there is a difference of view. The noble Lords, Lord Fowler and Lord Skelmersdale, said that they did not want any age by which you have to annuitise. I am not sure whether that translated to them not wanting any age at all at which some form of crystallisation of income stream must take place. If that is their proposition, they have not said anything about the inheritance tax consequences.

About this proceeding contribution

Reference

704 c1414 

Session

2007-08

Chamber / Committee

House of Lords chamber

Legislation

Pensions Bill 2007-08
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