HC Deb 08 May 2000 vol 349 c275W
Dr. George Turner

To ask the Secretary of State for Social Security what estimate he has made of the net cost after taxation of an increase in the basic State Pension of(a) £5 per week at age 75 and (b) £10 per week at age 80 years. [120548]

Mr. Rooker

The information is in the table.

Estimate of the net cost after taxation of an increase in the basic State Pension of £5 per week at age 75 and £10 per week at age 80 years
£ billion
£5 increase at 75–79, £10 increase at 80
Gross cost 1.7
Net cost after income-related benefits offset 1.15
Net cost after income-related benefits offset and taxation 1

Notes:

  1. 1. All costs are in £ billion, rounded to the nearest £50 million, and are for 2000–01.
  2. 2. Other benefits, whose rates are linked to the basic State Pension, are not included.
  3. 3. Gross costs estimated by the Government Actuary's Department.
  4. 4. Income-related benefits offsets estimated by Analytical Services Division, Department of Social Security.
  5. 5. Income tax receipts estimated by the Inland Revenue.