Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how many people received income tax relief on the first £70 of National Savings Bank ordinary account interest in (a) 2015-16, (b) 2016-17 and (c) 2017-18.

HM Revenue and Customs publishes the estimated cost of the income tax exemption of Premium Bond prizes here: https://www.gov.uk/government/statistics/main-tax-expenditures-and-structural-reliefs.

In 2015-16, 2016-17 and 2017-18 the cost of this exemption was estimated to be £130 million in each year. For this relief, estimates of the number of individuals benefitting are not held. The estimated costs are based on aggregate figures or assumptions.