HC Deb 26 October 1971 vol 823 cc283-4W
35. Mr. Ralph Howell

asked the Chancellor of the Exchequer what revenue would be lost if retirement pensions were exempt from taxation as unemployment, sickness and social security benefits are; and by what number Inland Revenue personnel would be reduced as a result.

Mr. Maurice Macmillan

Exempting National Insurance retirement pensions from tax would cost about £175 million; the Inland Revenue staff saving would be about 600.