HC Deb 18 November 1958 vol 595 cc124-5W
Mr. Lewis

asked the Chancellor of the Exchequer whether he will publish in HANDSARD a table of figures giving the net income received by a man claiming normal tax reliefs for a wife and two children, after deduction of normal Income Tax and Surtax charges, for each financial year from April, 1950, to April, 1958–59, in the wage and salary scales. £400, £600, £750, £1,000, £10,000, and £20,000 per annum, respectively.

Mr. Amory

Yes.

NET INCOME AFTER DEDUCTION OF INCOME TAX AND SURTAX, OF MARRIED MEN WITH TWO CHILDREN (BOTH UNDER ELEVEN YEARS OF AGE) INCOME ALL EARNED
Gross Income Net Income
1950–51 1951–52 1952–53 1953–54 1954–55 1955–56 1956–57 1957–58 1958–59
£ £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d.
400 397 10 0 400 0 0 400 0 0 400 0 0 400 0 0 400 0 0 400 0 0 400 0 0 400 0 0
600 561 5 0 565 0 0 587 0 0 589 3 4 589 3 4 597 0 0 597 0 0 597 0 0 597 0 0
750 671 5 0 678 0 0 706 11 8 711 13 4 711 13 4 723 9 2 723 9 2 723 9 2 723 9 2
1,000 831 5 0 833 0 0 888 6 8 898 5 7 898 5 7 914 10 0 914 10 0 914 10 0 914 10 0
10,000 3,683 15 0 3,465 10 0 3,534 5 0 3,763 10 0 3,763 10 0 4,000 15 0 4,000 15 0 4,580 15 0 4,580 15 0
20,000 4,408 15 0 3,940 10 0 4,009 5 0 4,488 10 0 4,488 10 0 4,975 15 0 4,975 15 0 5,593 5 0 5,593 5 0