§ 86. Mr. du Cannasked the Chancellor of the Exchequer the number of retirement benefit schemes which have been approved by the Inland Revenue in each of the following categories, namely, schemes approved under Section 379, Income Tax Act, 1952, group schemes and schemes relating to named individuals of the funded type to which Section 386 (1) of the Income Tax Act, 1952, relates, and unfunded arrangements to which Section 386 (2) of the Income Tax Act, 1952, relates, during each of the months of August, September and October of this year, or to the latest convenient date.
59W
§ Mr. H. BrookeThe Answer is as follows:
(1) Schemes approved under Section 379, Income Tax Act, 1952 August and September, 1956 103* October, 1956 23 (2) Group schemes to which Section 386 (1) relates August and September, 1956 448* October, 1956 274 (3) Individual arrangements to which Section 386 (1) relates August, 1956 530 September, 1956 449 October, 1956 580 (4) Unfunded arrangements to which Section 386 (2) relates August, 1956 22 September, 1956 16 October, 1956 31 The figures under (2), (3) and (4) above include both (i) schemes approved under Section 388 (1) and (ii) schemes brought to the notice of the Inland Revenue which, though of a similar pattern, do not require such approval, usually because the employer is not a body corporate. The latter are thought to represent a small proportion of each total. * Figures for August and September, separately, are not available.