Clause 215 - Overseas scheme transfers:

Finance Bill – in a Public Bill Committee at 3:00 pm on 17th June 2004.

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Amendments made: No. 445, in

clause 215, page 181, leave out line 23 and insert—

(RVF(PE+LSE) - (RVF(PB+LSB)

No. 446, in

clause 215, page 181, line 26, leave out from first 'the' to 'entitled' in line 28 and insert

'annual rate of the pension which would, on the valuation assumptions (see section (Valuation assumptions)), be payable to the individual under the recognised overseas scheme arrangement if the individual became'.

No. 447, in

clause 215, page 181, line 30, leave out from 'would' to 'entitled' in line 32 and insert

', on the valuation assumptions, be entitled under the arrangement (otherwise than by commutation of pension) if the individual became'.

No. 448, in

clause 215, page 181, line 34, leave out from first 'the' to end of line 35 and insert

'annual rate of the pension which would, on the valuation assumptions, be payable to the individual under the arrangement if the individual became'.

No. 449, in

clause 215, page 181, line 37, leave out from 'would' to 'entitled' in line 39 and insert

', on the valuation assumptions, be entitled under the arrangement (otherwise than by way of commutation of pension) if the individual became'.—[Ruth Kelly.]

Clause 215, as amended, ordered to stand part of the Bill.

Clause 216 ordered to stand part of the Bill.