HC Deb 21 December 1984 vol 70 c354W
Mr. Freeman

asked the Chancellor of the Exchequer what proportion of the yield to the Exchequer in 1985–86 of a 30 per cent. tax on the investment income of occupational pension funds is estimated to be lost by reduced corporation tax payments, assuming the reduced income of funds is made good solely by employers.

Mr. Moore

This would depend on the levels of income of the occupational pension funds and the tax status of the corresponding companies in 1985–86. But a very tentative estimate based on 1984–85 estimates of pension fund income and company profits is that about 20 per cent. of the yield might be lost.