Tax Rules Applying to Pensions and Pension Schemes: Consultation: Summary of Responses

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A decision made 20 May 2014:

Decision Reference: MD-TR-2014-0041
Decision Summary Title:	Tax rules applying to pensions and pension schemes – summary of responses to consultation		Date of Decision Summary:	8th May 2014
Decision Summary Author:	Deputy Director of Tax Policy		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Tax rules applying to pensions and pension schemes – summary of consultation responses		Date of Written Report:	8th May 2014
Written Report Author:	Deputy Director of Tax Policy		Written Report : Public or Exempt?	Public
Subject: Tax rules applying to pensions and pension schemes – summary of responses to consultation.
Decision(s): The Minister approved the document entitled: “Tax rules applying to pensions and pension schemes – summary of responses to consultation” and agreed that it should be presented to the States on 14 May 2014.
Reason(s) for Decision: On 7 October 2013 the Treasury and Resources Minister issued a consultation paper seeking the views of the public on a number of proposed changes to the taxation of pensions and pension schemes. The consultation period closed on 10 January 2014. 41 responses to the consultation paper were received during the consultation period, representing a good cross-section of the pensions industry and interested individuals. The responses have been reviewed and summarised. The summary of the responses, together with the key policy decisions made following the review of the responses, should be presented to States and made publicly available.
Resource Implications: There are no financial or manpower implications for the States of issuing the consultation paper.
Action required: The Treasury and Resources Department to take such steps as are necessary for the summary of responses to be issued and request the Greffier of the States to arrange for it to be presented to the States on 14 May 2014.
Signature:		Position: Senator P F C Ozouf, Minister for Treasury and Resources
Date Signed:		Date of Decision: