§ Mrs. BeckettTo ask the Chancellor of the Exchequer what is the total value of tax relief provided to those eligible who have private medical insurance; and what is the administrative cost of providing such tax relief.
§ Sir George Young[holding answer 13 January 1995]: The total cost of income tax relief on premiums for private medical insurance contracts in respect of individuals aged 60 or over is estimated to be £95 million in 1994–95.
Administrative costs are estimated to be about £150,000.