Clause 178 - Relevant UK individual

Part of Finance Bill – in a Public Bill Committee at 3:30 pm on 15th June 2004.

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Photo of Mr Howard Flight Mr Howard Flight Shadow Chief Secretary To the Treasury, Economic Affairs, Shadow Chief Secretary to the Treasury 3:30 pm, 15th June 2004

May I just ask the Financial Secretary a relevant question? An individual who lives outside the UK does not pay any UK tax. Given that fact, I have never understood why UK pension schemes should not be open to people from all over the world. In the past, that has always been resisted, even though there was no loss of revenue. Will these provisions have that net effect?