§ Mr. Matthew TaylorTo ask the Chancellor of the Exchequer what estimate he has made of the cost of (a)(i) an untapered and (ii) a tapered age-related allowance of £15,000 a year for pensioners of over 75 years and (b) excluding all pensioners of over 80-years-old from income tax. [136274]
§ Dawn PrimaroloThe estimated full year costs for 2001–02 are in the table.
Costs (£ million) Increase the 75+ personal allowance to £15,000 and not tapering 1,400 Increase the 75+ personal allowance to £15,000 and tapering from the aged income limit 1,100 Excluding people aged 80 and over from income tax 1,100 These estimates are based on the Survey of Personal Incomes and are consistent with the November 2000 Pre-Budget Report.