§ Mr. Nicholas BrownTo ask the Chancellor of the Exchequer if he will publish a table showing the yield of restricting(a) the personal tax allowance, (b) the married couple's allowance and (c) the age allowances and the major tax reliefs to the basic rate of tax in 1992–93.
§ Mr. DorrellThe latest estimates of the direct revenue yields in a full year with the 1992–93 levels of allowances and tax rates are as follows:
£ million Personal tax allowances (excluding married couple's allowance) 1,100 Married couple's allowance 340 Age allowances1 nil Relief on contributions to personal pensions2 3170 Relief on employee's contributions to occupational pension schemes 290 1The higher levels of the age-related personal and married couple's allowances given to those aged 65 and over subject to the income limit. 2Including relief for retirement annuity premia and free standing additional voluntary contributions. 3This estimate is subject to a wide margin of error. No account has been taken of possible behavioural changes resulting from such restrictions.