§ Mr. Maurice Macmillanasked the Chancellor of the Exchequer what is the present annual cost of tax relief on qualifying life assurance policies and the annual premiums paid on those policies.
§ Mr. Harold LeverThis information is not available. For the Income Tax year 1967–68, however, it is estimated that the total cost of the tax relief on premiums on life assurance policies was £75 million and that the premiums amounted to £470 million.