Mr. BELLasked the Chancellor of the Exchequer whether a wage earner paying Income Tax quarterly is entitled to any rebate if he marries during any period of the financial year; and, if not, whether he will take steps to deal with the matter?
Mr. CHAMBERLAINA taxpayer marrying in the course of the Income Tax year of assessment is entitled to claim for that year the increased personal602W allowance of £225 In the case of a married man.
Mr. T. WILSONasked the Chancellor of the Exchequer whether he has decided to exempt the superannuation funds of associations and societies that are invested from Income Tax?
Mr. CHAMBERLAINThe treatment for Income Tax purposes of superannuation funds is the subject of various recommendations by the Royal Commission on the Income Tax. I fear I cannot undertake to include this question in the Bill which—as stated in the reply given to-day by my right hon. Friend the Prime Minister to the hon. Member for Chippenham (Mr. G.Terrell)—I hope to introduce early this Session, but I can assure the Hon. Member that so soon as a comprehensive Bill can be introduced to deal with the remaining proposals of the Royal Commission this question will receive the Government's careful consideration.