HC Deb 29 March 1977 vol 929 cc278-9

Finally, I propose to increase again this year the limits on the annual amounts within which self-employed people may claim tax relief on premiums paid for an annuity on retirement. Although these limits were raised last year, I have de-decided, after reviewing the position again, that it would be right to provide a further increase. Accordingly the limit of £2,250 will be raised to £3,000 and there will be proportionate increases in the limits for people born before 1916 and for the special types of contract first introduced in 1971.