HC Deb 06 November 1962 vol 666 c40W
33. Mr. Mellish

asked the Chancellor of the Exchequer if he will give the estimated cost to the Treasury in a financial year of exempting all State retirement pensions from Income Tax.

Mr. Barber

The estimated cost of exempting National Insurance retirement pensions and those of the Armed Forces, the home civil service and the foreign and overseas services is about £65 million.