§ Baroness Greengrossasked Her Majesty's Government:
Whether they will provide an estimate of what number and percentage of people aged over state pension age would pay (a) no tax, (b) tax at starting rate, (c) tax at basic rate and (d) tax at the higher rate if there were no age-related tax allowances for people aged 65 and over. [HL277]
§ Lord McIntosh of HaringeyEstimates for the number and percentage of people aged over state pension age paying at each of the various income tax rates if there were no age-related tax allowances are in the table.
2002–03 Number of people over state pension age1 (thousands) % of all people over state pension age Non-taxpayers 5,310 49% Starting rate taxpayers2 860 8% Savers rate taxpayers3 400 4% Basic rate taxpayers4 4,120 38% Higher rats taxpayers5 200 2% All pensioners6 10,980 Notes
Taxpayer estimates are based on the Survey of Personal Incomes and are consistent with the November 2002 pre-Budget forecast.
1 Men aged 65 and over and women aged 60 and over.
2 Taxpayers with a marginal rate at the 10 per cent starting rate from an extra £1 of earnings.
3 Taxpayers with a marginal rate at the 20 per cent lower rate for savings income or the 10 per cent ordinary dividend rate from an extra £1 of earnings.
4 Taxpayers with a marginal rate at the basic rate from an extra £1 of earnings.
5 Taxpayers with taxable income above the higher rate threshold.
6 Pensioner population estimates provided by the Government Actuary's Department.
§ Baroness Greengrossasked Her Majesty's Government:
How much was spent on age-related allowances for people aged 65 and over in 2001–02. [HL278]
§ Lord McIntosh of HaringeyI refer the noble Baroness to table 7 of the publicationThe Tax Ready Reckoner and Tax Reliefs, a copy of which is available in the Library of the House.