§ Dawn Primarolo
Estimates of the full year yield for 1998–99 of restricting income tax relief for employees' and employers' contributions to occupational and personal pensions are given in the table. They do not take account of any behavioural effects which might result from such changes.
£ million Relief for Yield from restricting income tax relief to 23 per cent. 20 per cent. Employees' pension contributions1 700 1,100 Employers' pension contributions2 950 1,600 1 Based on a projection of the 1995–96 survey of personal incomes and other survey and administrative data. 2 Based on a projection of figures compiled by the Office for National Statistics from a variety of sources.