Working Families Tax Credit

HC Deb 01 April 1998 vol 309 cc553-4W

Mr. Willetts

To ask the Chancellor of the Exchequer what is the cost of the child care tax credit within the working families tax credit in 1999–2000 assuming that it is fully used by families entitled to it, and also assuming take up of(a) 75 per cent. (b) 50 per cent. and (c) 25 per cent.; [36139]

(2) what facilities will be available after 5 April 1999 to holders of single company PEPs to change their investments within the tax free framework of their PEP. [36328]

Mr. Geoffrey Robinson

[holding answer 27 March 1998]: The Government do not envisage that the existing PEP rules allowing switching managers or investments will be changed.