HC Deb 06 November 2003 vol 412 c802W
Mr. Keith Bradley

To ask the Chancellor of the Exchequer what he estimates the cost would be in this financial year to the Treasury of exempting the state retirement pension from income tax. [136795]

Dawn Primarolo

The cost of exempting the state retirement pension for the purposes of income tax is £4.6 billion in 2003–04.

This estimate was based on the 2000–01 Survey of Personal Incomes and is consistent with the Budget 2003 forecasts.