Clause 1 - Amendment of the Income and Corporation Taxes Act 1988
Retirement Income Reform Bill
3:30 pm
Mr Howard Flight (Arundel and South Downs, Conservative)
I put it to the Minister that the income should be assessed as income to people drawing pensions, just like any other pension income. By referring to the part of the Act that he mentioned, he made me wonder whether his definition of the income would require people to make national insurance contributions. I do not think that that is anybody's intention. I am checking that he has the right definition for what, in practice, everyone wants to achieve.