We understand that the issue raised relates to defined benefit payments paid by the Government Superannuation Fund (a now-closed superannuation scheme for government employees). In 1990, payments from the scheme were made tax-exempt and were reduced by the amount of tax that would have been payable at the time had the pension been a recipient’s only source of income. We understand that the submitter requests that these payments be increased to take account of the recent tax rate reductions.
This is a complex issue that would require significant changes to current policy settings and cannot be addressed in the time available. Further, this does not fall within the ambit of legislation administered by Inland Revenue.
That the submission be declined.