HC Deb 17 March 1970 vol 798 cc86-7W
Mr. William Hamilton

asked the Chancellor of the Exchequer what was the net income, including family allowances, after payment of income tax and surtax, National Insurance and graduated pension contributions, of an employed man whose gross income was at the following levels for 1966–67, 1967–68, 1968–69 and 1967–70, namely, £320, £520, £720, £1,000, £2,000, £3,000, £4,000, £5,000, £10,000,

MARRIED MAN WITH TWO CHILDREN UNDER 11 INCOME ALL EARNED
Net income, including family allowance hut after deducting income tax and surtax and National Insurance contributions (including Graduated Pension contributions)
Earnings 1966–67 1967–68 1968–69 1969–70
£ per annum £ s. d. £ s. d. £ s. d. £ s. d.
£320 … … … … … 305 5 4 303 1 4 318 19 8 322 7 4
£520 … … … … … 502 11 2 500 0 8 515 19 0 519 6 8
£720 … … … … … 692 15 3 690 2 7 695 8 2 700 12 11
£1,000 … … … … … 906 16 11 903 6 11 903 6 2 903 12 1
£2,000 … … … … … 1,593 3 2 1,588 5 0 1,582 4 7 1,574 18 2
£3,000 … … … … … 2,272 6 6 2,267 8 4 2,261 7 11 2,254 1 6
£4,000 … … … … … 2,950 15 5 2,945 17 3 2,938 16 6 2,931 6 7
£5,000 … … … … … 3,584 2 1 3,579 3 11 3,572 3 2 3,564 13 3
£10,000 … … … … … 5,920 10 8 5,915 12 6 5,903 19 8* 5,896 9 10*
£50,000 … … … … … 10,224 7 11 10,219 9 9 10,211 9 8* 10,203 19 10*
£100,000 … … … … … 14,599 7 11 14,594 9 9 14,586 9 8* 14,578 19 10*
*Assuming that the family would forgo family allowance since at this level of income the net value of the allowance after tax is less than the extra tax payable by reason of the "clawback" reduction in income tax allowances (£36 for 1968–69 and £42 for 1969–70).