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Volume 408: debated on Thursday 3 July 2003

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To ask the Chancellor of the Exchequer what plans he has to alter the tax treatment of tax exempt saving products. [121575]

The Government keep the tax regime under constant review to ensure that it continues to deliver its key objectives. The Government have recently consulted on radical proposals to simplify the taxation of pension savings. We are now considering responses to the consultation from around 380 organisations and individuals. There are no other current plans to alter the tax treatment of tax exempt savings products.