§ Sir Andrew BowdenTo ask the Chancellor of the Exchequer what estimate he has made of the number and proportion of people aged 65 years or over who will(a) not pay any tax, (b) pay tax at 20 per cent. only, (c) pay tax at 23 per cent. and (d) pay tax at 40 per cent. in 1997–98. [12993]
144W
§ Mr. JackLatest estimates for 1997–98 are given in the table. The estimates are based on information projected from the 1994–95 survey of personal incomes and population estimates from the Government Actuary's Department; they are therefore provisional.
Individuals aged 65 or over Number (millions) Percentage Not liable to income tax 6.20 67 Lower rate 1.75 19 Basic rate 1.20 13 Higher rate 0.15 1 All 9.30 100