§ Mr. G. H. R. Rogersasked the Chancellor of the Exchequer if he will state the values of the lump sums in superannuation benefits for a permanent secretary, an assistant secretary, a principal, and a clerical officer at salary maxima, and the values if they had been taxed within the last tax year of work, 191W assuming they had no other source of income and on the other assumptions set out in the answer to a Written Question on 30th January, 1956, at the 1939, 1951 and 1961 salary scales, respectively.
§ Sir E. Boyle:The calculations set out in the following table show the lump sums before and after tax in respect of service for forty years and for twenty years. The hypothetical tax has been calculated on the assumption that the
1939 Scale 1951 Scale 1961 Scale Lump sum free of tax Corresponding net amount if tax deducted Lump sum free of tax Corresponding net amount if tax deducted Lump sum free of tax Corresponding net amount if tax deducted £ s. £ s. £ s. £ s. £ s. £ s. After 40 years' service Permanent Secretary 4,500 0 2,465 0 5,507 0 1,311 10 10,092 0 1,928 15 Assistant Secretary 2,250 0 1,487 0 2,627 0 1,062 5 4,815 0 1,866 0 Principal 1,650 0 1,174 0 1,918 0 958 0 3,498 0 1,659 10 Clerical Officer 525 0 416 0 688 0 450 5 1,182 0 825 15 After 20 years' service Permanent Secretary 2,250 0 1,308 0 2,754 0 768 5 5,046 0 1,282 5 Assistant Secretary 1,125 0 780 0 1,314 0 594 0 2,408 0 1,061 15 Principal 825 0 620 0 959 0 558 0 1,749 0 946 10 Clerical Officer 262 10 211 10 344 0 230 0 591 0 413 0