§ Mr. Hordernasked the Chancellor of the Exchequer, what would be the yield to the Treasury if income received by occupational pension funds was subject to tax.
§ Mr. RidleyThe yield if the investment income received by occupational pension funds was subject to tax is estimated to be £1,800 million for 1982–83.
The estimate does not take account of any changes in the nature and extent of pension provision which might occur as a result of changes in pension funds' liability to tax.