HC Deb 05 July 1956 vol 555 c136W
Mr. Hamilton

asked the Chancellor of the Exchequer the estimated number of working people with weekly incomes of £5 or less, between £5 and £10, between £10 and £15, between £15 and £20, and over £20, respectively, after reduction of tax and Insurance contributions, on the latest date for which figures are available.

Mr. H. Macmillan

The table below gives the estimated distribution of net incomes, after tax, for 1955:

Range of net annual income Number of persons (millions)
Under £250 8.1
£250–£499 8.7
£500–£749 6.5
£750–£999 1.9
£1,000 and over 1.0
Notes:—
(1) The figures refer to all incomes, whether earned or investment. Separate figures for earned income are not available.
(2) The group with net incomes below £250 consists mainly of pensioners and juveniles.
(3) The deduction for National Insurance contributions has been limited to that part of the contribution which qualifies for Income Tax relief.