HL Deb 02 March 1976 vol 368 cc991-2WA
Lord ABERDARE

asked Her Majesty's Government:

What would be the saving on supplementary benefit and the extra income tax revenue that would arise if the age addition doubled in amount.

Lord WELLS-PESTELL

It would cost about £17 million a year to double the age addition to retirement pension. The savings on supplementary pension would be about £5 million. There is insufficient data on which to estimate the tax yield.

Lord ABERDARE

asked Her Majesty's Government:

What would be the saving on supplementary benefit and the extra income tax revenue that would arise if the age addition was simultaneously doubled and made available also to those aged 75 to 80.

Lord WELLS-PESTELL

It would cost about £53 million a year to double the age addition to retirement pension and extend entitlement to age 75. The savings on supplementary pension would be about £16 million. There is insufficient data on which to estimate the income tax yield.