Policy paper

Taxation of Members of Parliament, Members of the Senedd and Members of the Legislative Assembly of Northern Ireland pension reform remedies

The tax information and impact note is about addressing adverse tax consequences of the remedies made by the pensions schemes for MPs, Members of the Senedd and Members of the Legislative Assembly of Northern Ireland.

Documents

Details

This Tax Information and Impact note details legislation introduced to address adverse tax consequences as a result of age-related unfairness caused by past changes to the pension of members of the Parliamentary Contributory Pension Fund, Members of the Senedd Pension Scheme and the Assembly Members Pension Scheme.

The measure is intended to enable adjustments to pension rights to be made without triggering adverse tax consequences and to put them in an equivalent position they would have been in had they always had the pension provision they finally receive.

Updates to this page

Published 22 November 2023

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