Clause 1 - Amendment of the Income and Corporation Taxes Act 1988
Pension Annuities (Amendment) Bill
8:55 am
Mr George Stevenson (Stoke-on-Trent South, Labour)
With this it will be convenient to take the following amendments: No. 15, in page 2, line 23, at end insert—
'( ) Where a member elects to defer the purchase of an annuity such as is mentioned in section 634 he may, for such period as defers the purchase, designate part of the personal pension fund as a Retirement Income Fund under this section.'.
No. 16, in page 2, leave out lines 26 and 27.