Clause 3 - Special provision for roll-overs
Social Security Contributions
12:00 pm
Mr Howard Flight (Arundel and South Downs, Conservative)
Indeed, there must be that tolerance. The law generally already provides for that and that is part of the point. Also, subsection (6) specifically seems to exempt only the roll-over and not the subsequent exercise of the roll-over option.
Without detaining the Committee with technicalities that I do not fully understand, I am grateful to hear from the Minister that the Government will re-examine the wording and no doubt consult the lawyers who specialise in the area so that we can all be happy with it. On that basis, I beg to ask leave to withdraw the amendment.
Amendment, by leave, withdrawn.
Clause 3 ordered to stand part of the Bill.