Clause 53

Part of Pensions Bill – in a Public Bill Committee at 2:30 pm on 31st January 2008.

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Photo of Janet Anderson Janet Anderson Labour, Rossendale and Darwen 2:30 pm, 31st January 2008

With this it will be convenient to discuss the following:

No. 29, in clause 53, page 26, line 1, leave out subsection (3) and insert—

‘(3) There shall be an absolute prohibition on transfers between the pension scheme established under section 50 and other pension or savings schemes, and jobholder contributions shall be limited to £3,600 in any one year.’.

No. 103, in clause 53, page 26, line 1, leave out subsection (3) and insert—

‘(3) A member may make payments that are not contributions for the purposes of provision under subsection (1) up to a maximum of 2 per cent. of the standard lifetime allowance’.

No. 30, in clause 53, page 26, line 1, leave out subsection (3).

No. 58, in clause 53, page 26, line 6, leave out subsection (5).