§ Mr. PearsonTo ask the Chancellor of the Exchequer if he will estimate the average amount of442W income tax paid by adult (a) pensioner and (b) non-pensioner taxpayers with annual investment income of (i) less than £50, (ii) £50 to £75, (iii) £75 to £100, (iv) £100 to £125, (v) £125 to £150, (vi) £150 to £175, (vii) £175 to £200, (viii) £200 to £250, (ix) £250 to £300, (x) £300 to £400, (xi) £400 to £500 and (xii) over £500 for the most recent year for which information is available. [15989]
§ Mr. JackAvailable estimates for 1997–98 based on projections from a mixture of statistical sources are given in the table. It is not possible to provide reliable estimates for all of the specified bands of investment income.
Average amount of income tax paid1 Range of taxable investment income for 1997–98 Taxpayers aged under 64 Taxpayers aged 65 or over £ £ £ 1–49 2,350 900 50–99 2,450 950 100–499 3,500 1,050 Over 500 6,100 2,600 1Includes income tax paid on all types of income such as earned income, self employment and investment income.