§ Mr. LoughtonTo ask the Chancellor of the Exchequer what is the estimated annual tax relief saving to the Treasury from the phasing out of retirement relief from April 2003. [36791]
§ Dawn Primarolo[holding answer 30 March 1998]: If the present retirement relief thresholds of £250,000 and £1 million applied in 2003–04 and assuming unchanged taxpayer behaviour it is estimated that the cost of retirement relief would be about £200 million.