§ Mr. Beaneyasked the Chancellor of the Exchequer what would be the cost of exempting from income tax all retired women aged 63 and over and all retired men aged 66 and over whose incomes do not exceed £4,000 a year; or if this information is not available, the cost of exempting all such women and men whether retired or not.
§ Mr. NottInformation is available only for single persons over 65 and married couples where either spouse is 117W over 65. The cost of exempting all such persons from tax—whether or not retired, but subject to an income limit of £4,000 —would be about £440 million for a full year.