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Retirement Relief

Volume 116: debated on Tuesday 12 May 1987

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Question proposed, That the clause stand part of the Bill.

Clause 67 increases the maximum amounts of retirement relief from £.100,000 to £125,000. The increase in the maximum amount is yet another example of the Government's continuing policies to assist small businesses and unquoted trading companies. In particular, the clause will provide encouragement for business men to plough back profits instead of investing for retirement by way of' other savings. We have increased the figure above indexation. The proposal will he a major help for entrepreneurs.

Question put and agreed to.

Clause 67 ordered to stand part of the Bill.