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Pensioners (Tax Credits)

Volume 298: debated on Friday 18 July 1997

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To ask the Chancellor of the Exchequer what estimate he has made of (a) how many pensioners with no tax liability reclaimed a tax credit on dividends paid in 1996–97 and (b) the average amount re-claimed. [7555]

The latest available information is derived from 1995–96 Survey of Personal Incomes. It is estimated that some 300,000 non-taxpayers aged 65 or over made claims, averaging £75, for payment of the tax credit on dividends paid in 1995–96.