Occupational Pension Contributions (Tax Relief)

HC Deb 28 February 1973 vol 851 cc381-2W

Mr. George Cunningham

asked the Chancellor of the Exchequer how many employees receive income tax relief in respect of contributions to occupational pension schemes under Section 208 of the

would be unsuitable for making inter-country comparisons. The details are as follows:

Income and Corporation Taxes Act 1970; and what is the cost to the revenue of such relief.

Mr. Nott

Estimates are available only for contributors to all forms of approved occupational pension schemes whether relief is given under Section 208 or otherwise. On this basis, about 8 million employees contribute to such schemes at a revenue cost of about £125 million for 1971–72.