HC Deb 22 October 1979 vol 972 c53W
Mr. Field

asked the Chancellor of the Exchequer if he will publish in the Official Report the estimated cost for 1979–80 of tax relief on pension schemes.

Mr. Peter Rees

Income tax relief amounts to about £450 million. This estimate is provisional and subject to a wide margin of error. It has been calculated on the basis set out in the Inland Revenue's note to the General Sub-Committee of the Expenditure Committee—second report 1977–78, appendix 15.