§ 59. Mr. Rossasked the Chancellor of the Exchequer what is the annual cost of life assurance relief for personal Income Tax purposes.
§ Mr. Boyd-CarpenterAbout £60 million for 1962–63.
§ 60. Mr. Rossasked the Chancellor of the Exchequer what is the annual cost of the relief for National Insurance contributions and of the deductions allowed for contributions to superannuation schemes, respectively, in terms of the yield of personal Income Tax and Surtax.
§ Mr. Boyd-CarpenterIn 1962/63 about £100 million in respect of National Insurance contributions of insured persons and about £50 million for contributions by employees to superannuation schemes.