§ Mr. Jim CunninghamTo ask the Chancellor of the Exchequer how many taxpayers are in small self-administered pension schemes; and what is the annual cost to the Revenue of tax relief on contributions under such schemes. [14666]
503W
§ Mr. Jack[holding answer 12 February 1996]: Information is not available concerning the actual number of taxpayers who are members of small self-administered pension schemes.
The estimated cost of tax relief for contributions to occupational pension schemes is published in table 7.10 of "Inland Revenue Statistics 1995", a copy of which is in the Library. It is not possible to separate these estimates between small self-administered schemes and other occupational pension schemes.
£ million Lender 1990–91 1991–92 1992–93 1993–94 1994–95 1995–961 Barclays 14.389 13.790 12.825 42.198 61.916 29.185 National Westminster 38.169 32.916 12.704 26.775 50.731 27.824 Lloyds 4.161 2.417 2.155 25.865 51.113 24.668 Midland 15.517 8.744 13.495 24.639 42.260 27.303 Bank of Scotland 1.385 2.464 2.018 6.232 10.259 5.816 Royal Bank of Scotland 1.939 1.018 0.425 6.608 8.492 6.719 Clydesdale 0.490 0.559 0.897 2.439 2.217 1.281 3i 4.091 4.631 4.170 7.567 6.461 2.523 Co-operative 0.295 0.101 0.025 0.335 1.048 0.406 Hill Samuel2 0.190 0.000 0.000 0.000 0.000 0.000 Yorkshire 0.069 0.110 0.000 1.741 2.318 1.284 Bank of Ireland 0.179 0.070 0.000 1.420 1.117 0.787 Northern 0.583 0.265 0.205 0.322 0.529 0.430 Ulster 0.288 0.046 0.219 0.214 0.412 0.230 First Trust 0.000 0.000 0.000 0.250 0.856 0.550 TSB 0.632 0.082 0.000 0.303 2.656 0.860 Bank of Wales2 0.000 0.030 0.000 0.000 0.000 0.000 Northern Venture Managers 0.000 0.000 0.000 0.270 0.325 0.000 Yorkshire Enterprise 0.025 0.250 0.225 0.465 0.528 0.302 DonBAC 0.087 0.052 0.218 0.425 0.331 0.050 Lenta 0.000 0.035 0.013 0.005 0.010 0.000 Equatorial2 0.025 0.000 0.000 0.000 0.000 0.000 Ulster Development Capital 0.057 0.105 0.000 0.000 0.000 0.000 Total 82.571 67.685 49.594 148.073 243.579 130.218 1 To 30 September. 2 No longer a lender. These figures may differ from ones quoted previously. They take account of loans guaranteed but subsequently withdrawn before the loan is taken out.