§ Lord ABERDAREasked Her Majesty's Government:
What would be the cost of paying the old person's pensions at the full standard rate of National Insurance retirement pensions and to show separately the extra income tax revenue and the savings on supplementary benefit that would arise.
§ Lord WELLS-PESTELLThe cost of paying old person's pensions at the standard retirement pension rate would be £25 million a year. The savings on supplementary benefit would be about £6 million a year. There is insufficient data on which to estimate the income tax yield.