Finance Bill

With this it will be convenient to discuss the following amendments: No. 47, page 226, line 9, at end insert— ‘(1A) The total amount of a spouse’s, or civil partner’s alternatively secured pension paid to a spouse or civil partner of a member of a registered pension scheme in each alternatively secured pension year in respect of a money purchase arrangement under the pension scheme must be at least equivalent to the Minimum Retirement Income for the alternatively secured pension year (but subject to sub-section 5 below).’. No. 45, page 226, line 10, after ‘dependants’’, insert ‘(other than spouses’ or civil partners’)’. No. 46, page 226, line 11, after ‘dependant’, insert ‘(other than the spouse or civil partner of a member)’. No. 49, page 226, line 31, after ‘(1)’, insert ‘(1A)’. No. 48, page 227, line 7, at end insert— ‘(8) In relation to minimum retirement income as mentioned in subsection (1) above, the following provisions shall apply— (a) the amount of the minimum retirement income in respect of each tax year shall be set by the Treasury by order at the level of the standard minimum guarantee prescribed under section 2 of the State Pension Credit Act 2002 (c.16); 26 Jun 2007 : Column 277 (b) before making an order under this subsection, the Treasury shall consult such persons as it considers appropriate; (c) an order under this subsection (other than the order that applies to the first tax year during which this section is in force) must be made on or before the 31st January of the tax year before the tax year to which the order applies.’. Government amendment No. 33