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answering body	HM Treasury
max date	2017-06-21
title	House of Lords Tabled Parliamentary Question 2017%2F19 %2857%2F1%29 HL77
min ddp modified	2017-06-21T21:56:36.763Z

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registered interest

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answering body

answering dept id

answering dept short name

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tabling member printed

uin

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is ministerial correction

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answering member printed

question first answered

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731069

registered interest

date

21/06/2017

answering body

HM Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

CaTreasury

house id

legislature

25277

pref label	House of Lords

question text

Her Majesty's Government what would be the fiscal impact each year, at current prices, if tax relief on higher-rate pension contributions was (1) abolished, or (2) reduced by 50 per cent.

tabling member printed

Lord Warner

uin

HL77

answer

is ministerial correction

date of answer

29/06/2017

answer text

An estimate of the fiscal impact of abolishing or halving the tax relief on higher-rate pensions is not available. The impact on tax receipts of restricting or abolishing pensions tax relief for higher rate tax payers would depend on how any changes were implemented and would also be subject to significant behavioural effects. Information on the cost of pensions tax relief is published in the HM Revenue and Custom (HMRC) National Statistics table ‘Registered pension schemes: cost of tax relief’, available on GOV.UK.

answering member printed

Lord Bates

question first answered

29/06/2017 14:34:03

answering member

1091

label	Biography information for Lord Bates

tabling member

1732

label	Biography information for Lord Warner