§ Mr. Ralph Howell
asked the Secretary of State for Social Services if he will estimate what expenditure would be saved if retirement pensions were only paid to persons whose private retirement incomes were below (a) £7,500 and (b) £10,000.
§ Dr. Boyson
An analysis of family expenditure survey data indicates that if state retirement pension were not payable to pensioners whose current total income714W excluding state retirement pension exceeded £7,500 pa or £10,000 pa then the gross saving to expenditure on retirement pensions is estimated to be about £550 million a year and £300 million a year respectively, or 3.5 per cent. and 2 per cent. respectively of the 1984–85 cost of retirement pensions.