§ 69. Mr. Leslie Haleasked the Chancellor whether he is aware of the hardship caused by old age pensions being subject to Income Tax; and whether he will introduce amending regulations to remove this hardship.
§ Mr. R. A. Butler:An old age pensioner with no other income would be exempt from tax. Where there is other income, I do not think that old age pensions should be treated differently from other retirement pensions by being left out of account in computing total income.