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Written question asked by Steve Webb (Liberal Democrat) on Wednesday, 22 April 2009, in the House of Commons. It was due for an answer on Monday, 27 April 2009. It was answered by Ian Pearson (Labour) on Monday, 27 April 2009 on behalf of the Treasury.


Taxation: Pensions

Question
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.
Answer

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.


Secondary information

Type
Written question
Reference
491 c1048-9W; 271299
Session
2008-09
Related items
Financial Statement
Wednesday, 22 April 2009
Parliamentary proceedings
House of Commons
Subjects
Pensions Taxation
Link
View this Written question on www.publications.parliament.uk