§ Mr. Trotterasked the Chancellor of the Exchequer what is his estimate of the cost to the revenue in the current financial 154W year of treating retirement pensions in the same way as unemployment and sickness benefits by leaving them out of account in computing incomes subject to taxation.
§ Dr. GilbertThe estimated cost of exempting the national insurance retirement pension from income tax for 1973–74 is about £200 million.
§ Mr. Trotterasked the Chancellor of the Exchequer what is his estimate of the cost to the revenue in the current financial year of leaving the retirement pension out of account for the basic rate of income tax but not for the higher rates.
§ Dr. GilbertThe estimated cost of exempting the national insurance retirement pension from basic rate tax for 1973–74 is about £185 million.