HC Deb 12 December 1972 vol 848 c92W
67. Mr. George Cunningham

asked the Chancellor of the Exchequer what are his estimates of the number of persons currently benefiting from tax relief in respect of contributions for the purchase of retirement annuities under Section 226 of the Income and Corporation Taxes Act 1970; the total annual value of eligible contributions; and the amount of tax forgone.

Mr. Nott

For 1969–70, the latest year for which figures are available, about 150,000 claimed relief. The premiums allowed were about £25 million, and the tax relief, including surtax, was approximately £10 million.