HC Deb 13 April 1994 vol 241 c169W
Mr. Mandelson

To ask the Chancellor of the Exchequer if he will estimate the yield from providing tax relief for pension contributions of higher-rate taxpayers at the basic rate only.

Mr. Dorrell

It is estimated that the full-year yield might be about £520 million at 1993–94 levels. This takes no account of possible behavioural effects following such a change.