Finance (No.2) Bill Day 2

On Day 2 of the Finance (No.2) Bill, Wednesday 19 April, there were 2 votes.

Clause 18 stand part

I voted against this Motion, which was passed, Ayes: 293, Noes: 218.

New Clause 5 This new clause requires the Chancellor to review the impact of the tax-free pension allowance changes and to recommend an alternative approach targeted at NHS doctors.

Review of alternatives to the abolition of the lifetime allowance charge

(1) The Chancellor of the Exchequer must, within six months of this Act being passed—

(a) conduct a review of the impact of the abolition of the lifetime allowance charge introduced by section 18 of this Act and other changes to tax-free pension allowances introduced by sections 19 to 23 of this Act, and

(b) lay before the House of Commons a report setting out recommendations arising from the review.

(2) The review must make recommendations on how the policies referred to in subsection (1)(a) could be replaced with an alternative approach that provided equivalent benefits only for NHS doctors.

I voted in favour of this Motion, which was not passed, Ayes: 218, Noes: 294.

The Bill will now move to the next stage in the process.