Clause 46 - Energy Act 2004 and Health Protection Agency Act 2004
Finance Bill
2:15 pm
Mark Francois (Shadow Minister, Treasury; Rayleigh, Conservative)
I beg to move amendment No. 91, in clause 46, page 38, line 44, at end add
'or
(c) the pension rights and entitlements of former employees of UKAEA who are members of pension schemes that were, or are, run by UKAEA.'.
The amendment seeks to safeguard the pension rights of United Kingdom Atomic Energy Authority employees. The clause is a tidying-up exercise following decisions contained in the Health Protection Agency Act 2004 and the Energy Act 2004. The Health Protection Agency Act 2004 created the new Health Protection Agency, which among other things absorbed the old National Radiological Protection Board, which will cease to exist in its current form. The clause removes certain exemptions that applied to the old NRPB.
Under the Energy Act 2004 the role of the UKAEA is also scheduled to alter and certain exemptions from income and corporation tax on its investment income are also being removed as a result of that. However, the two situations are slightly different, because UKAEA will continue with an altered remit, while the NRPB per se will cease to exist. There could be implications for the pension schemes of UKAEA employees and pensioners.