§ Mr. BayleyTo ask the Chancellor of the Exchequer if he will estimate the number of PEP holders with total PEP investment in excess of(a) £20,000, (b) £30,000, (c) £40,000, (d) £50,000 and (e) £70,000, giving in each case an estimate of the cost of (i) income and (ii) capital gains tax relief in a full year on those investments. [7066]
§ Mr. JackTotal tax relief for personal equity plans is provisionally estimated at £425 million for 1995–96, comprising £275 million of income tax relief and some £150 million of capital gains tax relief.
I regret that the distributions of number of investors and cost of tax relief by size of total PEP investment are not available.