HC Deb 08 July 1997 vol 297 c437W
Mr. Yeo

To ask the Secretary of State for Education and Employment what assessment his Department has made of the cost to the Teachers" Pensions Agency of the abolition of payable tax credits. [7340]

Mr. Byers

Capita Business Services Ltd. (Teachers" Pensions) were awarded a contract to administer the Teachers Superannuation Scheme with effect from 1 October 1996. The scheme had previously been administered by the Teachers" Pensions Agency. There is no cost to Capita Business Services Ltd. (Teachers" Pensions) in relation to the Teachers Superannuation Scheme arising from the abolition of the advance Corporation Tax credit.