§ 91. Mr. McKayasked the Chancellor of the Exchequer what tax relief a man would receive on the 4s. 11d. per week paid towards pensions under the National Insurance Fund if his income entirely earned was £5,000 and he was married with no children; how much the tax relief would be for a married man with no children if his sole income was £5,000 unearned, the annual amount of tax relief and the weekly amount to be given in each case; and how much the tax relief would be in the case of a man with an earned income of £8,000 and of a man with £8,000, unearned, respectively.
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§ Mr. SimonThe relief from tax at existing rates is as follows:
Income Annual Relief Weekly Amount £ s. d. s. d. £5,000 all earned 7 16 8 3 0 £5,000 all investment 8 9 0 3 3 £8,000 all earned 9 2 8 3 6 £8,000 all investment 9 15 0 3 9