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Investment Income Allowance

Volume 927: debated on Tuesday 8 March 1977

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asked the Chancellor of the Exchequer if he will publish an estimate of the revenue cost of making the retired married couple's investment income allowance twice that of a single person's for purposes of investment income surcharge.

I regret that it is not possible to give estimates relating only to retired people, but if the proposal applied to all those at present entitled to the age allowance the cost would be about £20 million.