Clause 6 - Payment to be disregarded for tax and social security
Age-Related Payments Bill
11:00 am
Mr Malcolm Wicks (Minister for pensions, Department for Work and Pensions; Croydon North, Labour)
This clause deals with the treatment of a payment for tax benefit and tax credit purposes. In line with our commitment that the payment will be non-taxable and will not affect other benefits that a pensioner may receive, the clause ensures that the payment will be disregarded when considering tax liability and entitlement to other benefits. The payments will be made in full to help older people in the way that I have described.