§ Mr. WebbTo ask the Chancellor of the Exchequer if he will estimate the marginal rate of tax at which all contributors' pension contributions could be allowed if(a) all contributions were to be allowed at a single rate and (b) the cost were the same as that of the present system of tax reliefs. [76787]
§ Dawn PrimaroloEstimates of the cost of reliefs under the current system are given in table 7.9 of Inland Revenue Statistics. The latest version is on the Inland Revenue website; http://www.inlandrevenue.gov.Uk/ stats/pensions/p t09 1.htm
They are subject to a wide margin of error and are not indicative of the effects of changing the system, as there would be significant changes in taxpayers' behaviour.