Pensions

Mr. Hoban
To ask the Chancellor of the Exchequer what assessment he has made of the impact on income tax revenue of pension income received through an alternatively secured pension rather than a payment from an annuity; and if he will make a statement.

Ed Balls
The impact on tax revenues of changes to the rules governing alternatively secured pensions, announced in the 2007 Budget, were set out in the regulatory impact assessment of tax relief for pensions, published on the Treasury website, available at:

www.hm-treasury.gov.uk.