Written question asked by Gerry Steinberg (Labour), in the House of Commons. It was due for an answer on Thursday, 20 March 1997. It was answered by Michael Jack (Conservative) on Thursday, 20 March 1997 on behalf of the Treasury.

Treasury

Question: Pursuant to his Answer to the honourable Member for Nuneaton of 25th February, Official Report, column 208, if he will estimate the savings which would accrue in the current year from reduced expenditure on tax relief paid on contributions made to APPs if (a) all and (b) half of those earning under £10,000 per annum who are currently opted out of SERPS into APPs were to rejoin SERPS until retirement. - Ref to 272 c135W.

Answer: Mr. Steinberg: To ask the Chancellor of the Exchequer, pursuant to his answer to the hon. Member for Nuneaton (Mr. Olner) of 25 February, Official Report, column 208, if he will estimate the savings which would accrue in the current year from reduced expenditure on tax relief paid on contributions made to appropriate personal pensions if (a) all and (b) half of those earning under £10,000 per annum who are currently opted out of SERPS into APPs were to rejoin SERPS until retirement. [21076] Mr. Jack: I refer the hon. Member to the answer I gave on 25 February to the hon. Member for Nuneaton (Mr. Olner), column 135.

Secondary information

Type: Written question
Reference: 21076; 292 c792W
Session: 1996-97
Subjects: Personal pensions Tax allowances State earnings related pension scheme