HC Deb 31 July 1974 vol 878 c226W
Mr. Lee

asked the Chancellor of the Exchequer what are the estimates of the value of liquid assets required to yield investment incomes of £2,000, £3,000, £4,000 and £5,000, per annum respectively; and what percentage of the total of the United Kingdom taxpayers are known to be in possession of assets capable of yielding investment incomes of between £1,000 and £5,000 per annum.

Dr. Gilbert

There is no single rate of return on liquid assets. But taking, for illustrative purposes, a rate of return of 10½ per cent., the rate currently obtainable on bank deposits in excess of £10,000, the figures are as follows:

Year Assets required
£ £
2,000 19,048
3,000 28,571
4,000 38,095
5,000 47,619

Information about holdings of assets by taxpayers is incomplete, but about 3 per cent. of taxpayers actually have investment incomes of between £1,000 and £5,000 a year.

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