§ Mr. Andrew BowdenTo ask the Chancellor of the Exchequer what estimate he has made of the number of elderly home owners who have taken out home income plans and similar mortgage options.
§ Mr. LilleyAbout 4,000 elderly people took out home annuity loans qualifying for tax relief in 1988–89.
§ Mr. Andrew BowdenTo ask the Chancellor of the Exchequer what plans he has to extend tax relief on the interest payable on home income plans and similar schemes.
§ Mr. LilleyTax relief is already available for interest paid by people aged 65 or more on loans up to the £30,000 limit which are secured on their homes and used to buy a life annuity.