Finance (No. 2) Bill Committee: Clause 63 Stand part
Tuesday, 13 January 2026 · Division No. 403 · Commons
129 MPs did not vote
Voting Yes means
Support taxing certain pension interests as part of the government's fiscal package
Voting No means
Oppose the taxation of certain pension interests, likely citing concerns about impact on pension savers or retirement planning
What happened: On 13 January 2026, the House of Commons voted to include Clause 63 of the Finance (No. 2) Bill in the bill as written. The clause passed by 348 votes to 167. This was a committee stage vote, meaning Parliament was working through the bill clause by clause to decide its final shape before it proceeds further.
Why it matters: Clause 63 forms part of the government's broader fiscal programme as set out in the October 2025 Budget. As a component of the Finance Bill, it carries the legal force needed to implement the government's tax and spending plans. Votes on individual clauses at committee stage are the mechanism by which the detailed content of fiscal legislation is confirmed or rejected, so the passage of this clause means its provisions will remain in the bill as it moves toward becoming law.
The politics: The vote divided almost entirely along party lines. Labour MPs, including those listed under the Labour and Co-operative Party designation, voted unanimously in favour, joined by the Scottish National Party, Plaid Cymru and the Green Party. Conservatives and Liberal Democrats voted solidly against, as did the Democratic Unionist Party and Reform UK, while Independents split five to five. There were no notable rebels on either side. This division sits within a wider pattern of parliamentary activity around the government's employer National Insurance contribution changes, with related votes in March 2026 showing the government successfully rejecting Lords amendments to associated legislation by similar margins.
How They Voted
Government position: Aye
Related Votes
National Insurance Contributions (Employer Pensions Contributions) Bill: motion to disagree with Lords Amendment 1
23 Mar 2026
National Insurance Contributions (Employer Pensions Contributions) Bill: motion to disagree with Lords Amendment 2
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National Insurance Contributions (Employer Pensions Contributions) Bill: motion to disagree with Lords Amendment 3
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National Insurance Contributions (Employer Pensions Contributions) Bill: motion to disagree with Lords Amendment 5
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National Insurance Contributions (Employer Pensions Contributions) Bill: motion to disagree with Lords Amendment 6
23 Mar 2026
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