Grant-making Charitable Trust (Hansard, 29 November 1978)

§ Mr. Sandelson

asked the Secretary of State for Northern Ireland what progress has been made on setting up in Northern Ireland an independent grant-making charitable trust, referred to in the consultative document"The Government and the Voluntary Sector"; to what

	Single person	Married couple	Married couple with two children under II
Gross income before allowances and reliefs	Tax as a proportion of gross income Per cent.	Marginal tax rate Per cent.	Tax as a proportion of gross income Per cent.	Marginal tax rate Per cent.	Tax as a proportion of gross income Per cent.	Marginal tax rate Per cent.
£1,000	…	…	—	—	—	—	—	—
£2,000	…	…	3.4	25	—	—	—	—
£3,000	…	…	8.1	33	2.9	25	1.3	25
£4,000	…	…	11.4	33	6.8	33	5.2	33
£5,000	…	…	13.3	33	9.7	33	8.4	33
£6,000	…	…	14.6	33	11.6	33	10.5	33
£7,000	…	…	15.5	33	12.9	33	12.0	33
£8,000	…	…	16.1	33	13.9	33	13.0	33
£9,000	…	…	17.4	33	15.3	33	14.6	33
£10,000	…	…	18.6	33	16.8	33	16.1	33
£15,000	…	…	24.8	50	22.9	50	22.3	45
£20,000	…	…	32.5	65	30.7	65	30.0	65

National insurance contributions are not included in the figures. Mortgage interest relief is calculated on the assumption that the interest is payable on a loan for the full amount specified subject to the restriction to £25,000. To obtain an interest rate for 1978–79 it has been assumed that the rate recently announced will be unchanged to the end of the financial year. It is assumed that no investment income surcharge is payable.

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extent the trust would initially be financed by the Government; and if he will make a statement.