Vol. 465 No. 6
102 Mr. J. Walsh asked the Minister for Finance the estimated cost to the Exchequer for 1996/1997 of tax relief on pension contributions to approved pension funds; and the estimated cost of tax relief on investment income earned by pension funds during this period. [10349/96]
The estimated cost of pension fund tax relief is in the order of £250 million per annum, of which the cost of tax relief for investment income is approximately £125 million on a gross basis, or £30 million on a net of pension payments basis.
This information relates to the calendar year 1993 and the income tax year 1993-94. The estimates of the cost of tax relief are very tentative and are subject to a wide margin of error.
