HC Deb 20 January 1949 vol 460 c51W
64. Mr. Dumpleton

asked the Chancellor of the Exchequer at what date the maximum income limit of £500 for the age allowance, granted to persons of 65 years and upwards, was fixed; and whether he will consider increasing the limit commensurately with the present relative value of the pound.

Mr. Glenvil Hall

The limit of £500 was originally fixed in 1925, but provision was made in this year's Finance Act modifying the maŕginal provision and thus extending some measure of age relief to investment incomes up to £757 single and £731 married. As regards the second part of the Question, my right hon. and learned Friend, the Chancellor of the Exchequer cannot anticipate his Budget statement.