HC Deb 24 January 1992 vol 202 c387W
Mr. Pawsey

To ask the Chancellor of the Exchequer (1) what would be the estimated income from a 9 per cent. levy on all unearned income over £3,000;

(2) what is the estimated number of people who have savings and occupational pensions producing more than £3,000 income per year.

Mr. Maude

A charge at 9 per cent. on the amount of any investment income and occupational pension above £3,000 would yield about £3.3 billion in a full year at 1991–92 levels of income. About 3¾ million people would be liable to the charge. These estimates take no account of any possible behavioural effects following the introduction of such a charge.