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Investment Income Surcharge

Volume 932: debated on Tuesday 24 May 1977

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asked the Chancellor of the Exchequer what would be the cost of excluding from investment income surcharge the income, excluding any national insurance pension, of all classes of retired persons up to two-thirds of the yearly remuneration or earnings of that person averaged over three years prior to retirement.

I regret that the information on which to base an estimate is not available.