HC Deb 24 July 1979 vol 971 cc184-5W
Mr. Meacher

asked the Chancellor of the Exchequer what he estimates to be the gain per head of beneficiaries of the raising of the investment income surcharge threshold for those whose total income is between £2,000 and £3,000, and for each successive £1,000 income band above that.

Mr. Peter Rees,

pursuant to his reply [Official Report, 20 July 1979]: gave the following answer:

The information is not sufficiently reliable to give in the detail required, but that available is as follows:

Total Income and Estimated Gain per Beneficiary
£
£2,000–£5,000 108
£5,000–£10,000 222
Over £10,000 292

Mr. Meacher

asked the Chancellor of the Exchequer how many persons currently paying the investment income surcharge have incomes of less than

All taxpayers Aged taxpayers only
Total income Numbers Investment income surcharge Numbers Investment income surcharge
£ '000 £m,. '000 £m,.
Under 2,000 Less than 10 very small nil nil
2,000–5,000 130 15 60 5
5,000–10,000 350 100 200 60
Over 10,000 350 300 120 135
Total 840 415 380 200