State Pension Credit Bill [HL]

Part of the debate – in the House of Lords at 6:30 pm on 12 February 2002.

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Photo of Baroness Hollis of Heigham Baroness Hollis of Heigham Parliamentary Under-Secretary, Department for Work and Pensions, Parliamentary Under-Secretary (Department for Work and Pensions) 6:30, 12 February 2002

My Lords, the noble Baroness looks baffled. She said that the tax system has clear rules on what one can and cannot do. Under the tax system, one can give away only the first £7,000. Anything thereafter falls within the regime.