LIFE ASSURANCE (TAX RELIEF COST) (Hansard, 29 October 1954)

HC Deb 29 October 1954 vol 531 cc319-20W 319W

§ Mr. Blenkinsop
asked the Chancellor of the Exchequer the cost to the Treasury of granting life assurance relief for 1938–39 and 1949–50 or for a later year for which figures are available, in respect of all persons, of persons with net incomes of £135-£499, and of persons with net incomes of £2,000-£7,999, respectively.
320W

§ Mr. R. A. Butler
The information is given in the following table:

ESTIMATED COST OF LIFE ASSURANCE RELIEF

— 1938–39 1951–52

£ million £ million

Total cost of which— 9½ 32

Incomes £135-£499^* 2 9

Incomes £2,000-£7,999 1½ 4

^* The 1938–39 figures refer to incomes £125-£499

ESTIMATED COST OF LIFE ASSURANCE RELIEF
—	1938–39	1951–52
	£ million	£ million
Total cost of which—	9½	32
Incomes £135-£499^*	2	9
Incomes £2,000-£7,999	1½	4
^* The 1938–39 figures refer to incomes £125-£499