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Taxation: Pensions

Volume 491: debated on Monday 27 April 2009

To ask the Chancellor of the Exchequer pursuant to the Budget Statement of 22 April 2009, what percentage of expenditure incurred in the provision of tax relief would be attributed to expenditure incurred in relation to the 1.5 per cent. of pension savers if his proposals are implemented; and if he will make a statement. (271299)

The effect of the measure announced at Budget 2009 is to reduce the proportion of tax relief going to those with incomes above £150,000 from just over 25 per cent. to around 15 per cent. Both estimates relate to tax relief in 2011-12.