HC Deb 19 December 1990 vol 183 c234W
Mrs. Beckett

To ask the Secretary of State for Social Security what is the estimated amount payable to personal pension schemes in 1991–92, distinguishing between the contracted-out rebate, the 2 per cent. inducement and tax relief on the rebate.

Miss Widdecombe

On the assumption that, by the end of 1990–91, the number of people with personal pensions is 4.5 million, the Government Actuary estimates that the revenue forgone in 1991–92 will be £1,730 million for the contracted-out rebate, £600 million for the 2 per cent. incentive, and £200 million for the tax relief on the rebate.