HC Deb 01 March 1978 vol 945 cc268-9W
Mr. Michael Latham

asked the Chancellor of the Exchequer what would be the cost to public funds if all persons aged 70 years or over were exempt from income tax on their retirement pensions in the financial year 1978–79; and what would be the equivalent costs if the age limit for exemption was reduced to 69 years in 1979–80, and annually until the age of 65 years, assuming a level of yearly pension increase identical to the rise in the cost of living.

Mr. Robert Sheldon

I will let the hon. Member have a reply as soon as possible.