HC Deb 07 March 1972 vol 832 c283W
59. Mr. Sydney Chapman

asked the Secretary of State for Social Services what would be the estimated loss to the revenue if the earnings rule for retirement pensioners was abolished up to a limit of £2,000 income per year per person.

Mr. Dean

An increase in the retirement pensions earnings rule limit of the size suggested would be tantamount to abolishing both the retirement condition and the earnings rule. The cost to the National Insurance Fund would be about £110 million a year.