Tax Allowances and Reliefs (Hansard, 19 July 1993)

HC Deb 19 July 1993 vol 229 c27W 27W

§ Mr. Forman
To ask the Chancellor of the Exchequer how much extra revenue would be raised in a full year if tax relief were confined to the 20 per cent. rate for(a) occupational pension schemes and (b) contributions to personal pensions.

§ Mr. Dorrell
The estimated full year yields at 1993–94 income levels are as follows:

Restriction to 20 per cent. £ million

Relief for:

Employee's contributions to occupational pension schemes 700

Personal pensions contributions¹ 300

¹ Includes retirement annuity premia and free standing additional voluntary contributions.

No account has been taken of possible behavioural changes resulting from such restrictions.

	Restriction to 20 per cent. £ million
Relief for:
Employee's contributions to occupational pension schemes	700
Personal pensions contributions¹	300
¹ Includes retirement annuity premia and free standing additional voluntary contributions.