Stakeholder Pensions: Cost of Tax Relief (Hansard, 9 July 2001)

HL Deb 09 July 2001 vol 626 c61WA 61WA

§ Baroness Turner of Camden
asked Her Majesty's Government:
What increase in the level of tax relief they expect in 2001–02 arising from the introduction of the stakeholder pension. [HL64]

§ Lord McIntosh of Haringey
The cost of tax relief for additional pension contributions arising from the introduction of stakeholder pensions is estimated at around £200 million for 2001–02. The total cost including also National Insurance rebates to stakeholder pensions is estimated at around £600 million.