§ 26. Mr. McAllionTo ask the Secretary of State for Social Security what is his latest estimate of the percentage of people who bought appropriate pensions in 1987–88 who have made full rebate contributions in each subsequent year. [8817]
§ Mr. HealdNearly half the people who started an appropriate personal pension with effect from 1987–88 have received a rebate of contributions in each year up to 1992–93, the latest year for which figures are available. Approximately 80 per cent. of those people who took out an appropriate personal pension with effect from 1987–88 and who still held it in 1992–93 received rebates for at least four of the six years involved.