HC Deb 16 November 2001 vol 374 c917W
Mr. Flight

To ask the Chancellor of the Exchequer what has been the total cost to local government pension schemes resulting from the abolition of advanced corporation tax relief on pension funds. [14698]

Dr. Whitehead

I have been asked to reply.

The LGA estimated that the net effect of the 1997 decision to abolish advance corporation tax relief on local authority pension funds was £130 million. The Government specifically took account of this estimate in the spending plans set by the 1998 Comprehensive Spending Review.