Taxation: Pensions

Treasury written question – answered on 27th March 2007.

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Photo of David Laws David Laws Shadow Secretary of State for Work and Pensions

To ask the Chancellor of the Exchequer what his latest estimate is of the cost of tax relief for approved pension schemes in 2007-08; and if he will make a statement.

Photo of Edward Balls Edward Balls The Economic Secretary to the Treasury

Latest detailed estimates of the annual cost of tax relief on approved pension schemes are available in table 7.9 on Her Majesty's Revenue and Customs website at:

In addition a provisional estimate of the overall net cost of tax relief for the current year is given in table A3.1 of the Budget report. This is £16.3 billion for 2006-07.

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