Clause 9 - Retirement income funds
Rights of Savers Bill
3:30 pm

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Photo of John Penrose

John Penrose (Weston-Super-Mare, Conservative)

I beg to move amendment No. 26, in page 9, line 38, at end insert—

‘(9B)A SaRA may be converted into a Retirement Income Fund at the account holder’s sole discretion, providing that he is either—

(a)over the age of 60, or

(b)in receipt of Incapacity Benefit, Disability Living Allowance or their successors.’.

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