§ Mr. Eldon Griffithsasked the Chancellor of the Exchequer what would be the total annual cost of exempting all State pensions at current levels of payments from income tax.
§ Mr. Robert Sheldon:The estimated cost of exempting national insurance retirement pensions from tax is £320 million for 1974–75. Information on which to base an estimate of the cost of exempting other forms of state pensions is not available.