Clause 1 - Amendment of the Income and Corporation Taxes Act 1988
Pension Annuities (Amendment) Bill
11:00 am
Ms Ruth Kelly (Economic Secretary, HM Treasury; Bolton West, Labour)
I thank the right hon. Gentleman for that clarification. He might not disagree that if inheritance tax were introduced, the male or female who had saved for retirement could pass the savings on tax free to a spouse. I view that as the intention behind the Bill.