§ Mr. NormanTo ask the Chancellor of the Exchequer what is the(a) loss of annual dividend income, (b) extra contributions required in the future to meet obligations to current or former employees and (c) extra contributions required in the future to meet the service costs of the funds in aggregate to the Local Government Pension Schemes of the abolition of Advance Corporation Tax Credit; and what percentage of payable costs will the extra service costs represent. [7375]
§ Dawn Primarolo[holding answer 8 July 1997]: The extent to which the abolition of payable tax credits will affect contributions to the Local Government Pension 613W Schemes will depend on the overall judgments made by the schemes' actuaries when the normal actuarial valuations are undertaken beginning next year.