HC Deb 16 February 1977 vol 926 c266W
Mr. Ryman

asked the Chancellor of the Exchequer what was the total cost during the last three years, respectively, of the concession whereby a proportion of the premium for life policies can be set off against taxable income by a taxpayer.

Mr. Robert Sheldon

The figures are as follows:

£ million
1974–75 157
1975–76 185
1976–77 200

The 1974–75 estimate is as shown by the Survey of Personal Incomes for that year; the estimates for 1975–76 and 1976–77 are derived from projections based on the 1974–75 data.