Personal Incomes (Hansard, 29 June 1965)

§ Mr. William Hamilton

asked the Chancellor of the Exchequer what was the net income, including family allowances, after payment of Income Tax, Surtax, National Insurance and graduated pension scheme contributions in force at that time, of an employed man in each of the years 1951 to 1964 inclusive, whose gross income was at each of the following levels in £s sterling per annum, namely £312, £416, £520, £624, £780, £1,000, £1,500, £2,000, £3,000, £5,000, £10,000, £24,000 and

Income per annum	1963–64	Net Income in 1964–65	1965–66
£				£	s.	d.	£	s.	d.	£	s.	d.
312	…	…	…	302	18	0	302	7	4	297	5	4
416	…	…	…	406	18	0	406	7	4	401	5	4
520	…	…	…	508	10	4	507	19	8	502	17	8
624	…	…	…	607	19	4	607	8	8	602	6	8
780	…	…	…	747	9	2	746	17	10	741	7	10
1,000	…	…	…	915	12	0	914	0	8	908	6	8
1,500	…	…	…	1,271	15	10	1,270	4	6	1,256	10	10
2,000	…	…	…	1,621	1	11	1,619	10	7	1,596	2	6
3,000	…	…	…	2,319	14	2	2,318	2	10	2,275	5	10
5,000	…	…	…	2,673	4	7	3,671	13	3	3,587	2	1
10,000	…	…	…	6,110	17	6	6,126	17	2	5,930	19	8
24,000	…	…	…	8,484	5	6	8,509	14	2	7,963	16	8
50,000	…	…	…	11,409	5	6	11,434	14	2	10,238	16	8
Note.—Surtax is due in the year following that for which it is charged. The rates of surtax used for purposes of the table are those payable in the year shown on an income of the same amount for the preceding year.

62W

refer the hon. Member to the Answer given on 28th June to the hon. Member for South Angus.

£50,000, assuming that he was married with two children under the age of 10, had no unearned income, that his wife had no income of her own, and that he had no allowances for life insurance; and if he will produce a comparable table for the years 1945–51 inclusive.