HC Deb 08 April 1998 vol 310 c254W
Mr. Loughton

To ask the Chancellor of the Exchequer what is the estimated annual tax relief saving to the Treasury from the phasing out of retirement relief from April 2003. [36791]

Dawn Primarolo

[holding answer 30 March 1998]: If the present retirement relief thresholds of £250,000 and £1 million applied in 2003–04 and assuming unchanged taxpayer behaviour it is estimated that the cost of retirement relief would be about £200 million.