New Clause 16 - Valuation assumptions

Finance Bill – in a Public Bill Committee at 10:30 am on 24th June 2004.

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'For the purposes of this Part the valuation assumptions in relation to a person and any benefits are—

(a) if the person has not reached such age (if any) as must have been reached to avoid any reduction in the benefits on account of age, that the person reached that age on the date, and

(b) that the person's right to receive the benefits had not been occasioned by physical or mental impairment.'.—[Dawn Primarolo.]

Brought up, read the First and Second time, and added to the Bill.