Personal Equity Plan

HC Deb 17 April 1986 vol 95 cc482-3W

24. Mr. Beith

asked the Chancellor of the Exchequer what he estimates will be the total amount of tax relief available through the personal equity plan, in the first two years, to a new investor liable to the standard rate of income tax, who holds no other shares.

Mr. Moore

This will depend in particular, on how much is invested, what shares are acquired, what dividends are paid, and whether or not such dividends are reinvested.

35. Mr. Campbell-Savours

asked the Chancellor of the Exchequer how many people he expects to take out personal equity plans in their first year of operation.

Mr. Moore

I am confident that a substantial number of people will wish to take advantage of this important new incentive.