Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate he has made of the savings to the public purse from reducing the tax relief on pensions for people earning more than £150,000 a year in the next three years.

The estimated exchequer cost arising from income tax relief on contributions made to private pensions, and relief on the investment returns to private pensions in 2013-14 was £34.3bn

Revenue effects on reducing tax relief on private pensions for people earning more than £150,000 would depend on how changes were implemented and would likely cause significant behavioural effects.