HC Deb 12 November 1962 vol 667 cc9-11W
Mr. C. Johnson

asked the Chancellor of the Exchequer if he will give the cost of the Income Tax age exemption provisions and the associated marginal relief for the years 1957–58 and 1961–62.

Mr. Barber

About £1½ million for 1957–58 and £4 million for 1961–62.

These are the costs after taking account of any age relief which the individuals concerned would have received if there had been no age exemption provisions.

Mr. C. Johnson

asked the Chancellor of the Exchequer if he will give the cost of the Income Tax age relief on unearned incomes and the associated marginal relief, respectively, for the years 1925–26, 1947–48, 1952–53, 1957–58, and 1962–63.

Mr. Barber

The cost of age relief and marginal age relief was estimated to be about £150,000 for 1925–26; it was not estimated for 1947–48, and for the last three years the estimates are:

£ million
Age Relief Marginal age Relief Total
1952–53 2
1957–58 6
1962–63 8

Mr. C. Johnson

asked the Chancellor of the Exchequer how much of the cost of Income Tax age relief and the associated marginal relief in 1962–63 relates to married and single tax payers respectively, with total incomes in the ranges £500 or less or £501–600, £601–700, £701–800, £801–1,000 and over £1,000; and by how much tax payers in each of these groups are affected by the relief.

Mr. Barber

Of the estimated total cost of £9½ million, £7½ million relates to single persons and £2 million to married couples. There is not enough information on which to estimate the division of these costs between the ranges of income.

Mr. C. Johnson

asked the Chancellor of the Exchequer what would have been the additional cost of the Income Tax age exemption provisions for 1957–58 and 1962–63 if the provisions for age relief on unearned income had not applied in those years.

Mr. Barber

About £½ million and £2¼ million, respectively.