New Clause 31
Pensions Bill
2:45 pm
Report on tax relief on pensions
‘The Secretary of State shall, not later than 1st April 2008, prepare and publish a report on tax relief on pension contributions, namely—
(a) the annual cost to the Treasury of those reliefs, including projections for the following five tax years, and
(b) the extent to which the existing tax relief on pensions is, in his opinion—
(i) economic,
(ii) properly focussed, and
(iii) comprehensible.’.—[Mr. Laws.]