§ 35. Mr. Ralph Howellasked the Chancellor of the Exchequer what revenue would be lost if retirement pensions were exempt from taxation as unemployment, sickness and social security benefits are; and by what number Inland Revenue personnel would be reduced as a result.
§ Mr. Maurice MacmillanExempting National Insurance retirement pensions284W from tax would cost about £175 million; the Inland Revenue staff saving would be about 600.