HC Deb 27 June 1963 vol 679 c170W
Mr. Whitlock

asked the Chancellor of the Exchequer (1) if he will give the cost of the Income Tax age exemption provisions and the associated marginal relief for 1963–64;

  1. (2) if he will give the cost of the Income Tax age relief on unearned in comes and the associated marginal relief, respectively, for 1963–64;
  2. 3. if he will give the combined cost of the Income Tax age exemption and age relief and the associated marginal reliefs for 1963–64.

Mr. Barber

The yield from abolishing age exemption would be about £5 million, of which about £2 million is attributable to marginal relief; the additional yield from abolishing age relief would be about £12 million, of which about £3 million is attributable to marginal age relief. The yield from abolishing both age exemption and age relief would therefore be about £17 million.