HC Deb 12 April 1976 vol 909 c436W
Mrs. Chalker

asked the Chancellor of the Exchequer what would be the cost in 1976–77 of exempting from income tax the national insurance retirement and widow's pensions.

Mr. Robert Sheldon,

pursuant to his reply [Official Report, 6th April 1976; Vol. 909, c. 31213], gave the following information:

About £500 million, taking into account the new pension rates operating from November 1976 and the conditional, as well as the unconditional, Budget proposals.