HC Deb 19 December 1979 vol 976 cc210-1W
Mr. Austin Mitchell

asked the Chancellor of the Exchequer whether he will circulate in the Official Report a table showing for 1978–79 the estimated number of taxpayers in each tax band, the estimated number in each band claiming tax relief on life assurance premiums, the average premium paid in each case and the amount of relief given on such pre-

Range of total income in 1978–79 Number of tax units liable to tax Percentage Claiming Life Assurance Relief Average* Premium Cost of Life Assurance Relief
£ ('000) % £ £m
Below 2,000 … … … 2,500 25 40 5
2,000–10,000 … … … 17,800 64 100 195
10,000–12,000 … … … 500 81 280 15
12,000–16,000 … … … 300 79 440 20
16,000–20,000 … … … 100 78 610 10
20,000+ … … … 100 73 890 15
60 120
Total 21,300 260
* The estimated average premium represents the average amount qualifying for tax relief.