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Invalidity Benefit

Volume 885: debated on Thursday 30 January 1975

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23.

asked the Chancellor of the Exchequer if he will review the tax position of a person receiving an invalidity benefit which becomes a retirement pension at the age of 70 years, so as to maintain the tax exemption applicable to the invalidity benefit.

The tax structure is kept under regular review. To allow retirement pensioners who have been receiving invalidity benefits up to age 70 to draw their retirement pension tax free could be regarded as unfair by other pensioners whose incomes are not larger. No tax, of course, is payable where an individual's only income is a national insurance retirement pension.