HC Deb 05 November 1973 vol 863 c101W
Mr. Meacher

asked the Chancellor of the Exchequer in each of the last 10 years how many persons claimed tax relief in respect of contributions for the purchase of retirement annuities under Section 226 of the Income and Corporation Taxes Act 1970 or the tax legislation it replaced; what were the total premiums allowed; what was the extent of relief of, respectively, income tax and surtax; and how much of this relief accrued to those with incomes respectively less than £1,000, £1,000 to £2,000, £2,000 to £5,000, and over £5,000.

Mr. Nott

I will let the hon. Member have a reply as soon as possible.

COMPOSITION OF TOTAL PERSONAL INCOME BEFORE TAX
1938 1946 1947 1948 1949 1950 1951
Income from employment 59.3 65.4 66.0 68.1 68.9 69.4 71.5
Income from self-employment* 12.7 12.8 12.8 13.1 13.1 12.6 12.1
Rent, dividends and net interest, etc.† 22.6 14.6 14.5 12.3 11.5 11.6 10.4
National insurance benefits and other current grants from public authorities 5.4 7.1 6.7 6.5 6.5 6.3 6.1
Total personal incomes* 100.0 100.0 100.0 100.0 100.0 100.0 100.0
1952 1953 1954 1955 1956 1957 1958
Income from employment* 71.8 71.6 72.3 72.9 73.9 74.1 72.9
Income from self-employment* 11.7 11.4 11.1 10.8 10.3 10.1 9.7
Rent, dividends and net interest, etc.† 9.9 10.1 9.9 9.7 9.1 9.1 9.8
National insurance benefits and other current grants from public authorities 6.6 6.9 6.6 6.7 6.7 6.7 7.6
Total personal income* 100.0 100.0 100.0 100.0 100.0 100.0 100.0
1959 1960 1961 1962 1963 1964 1965
Income from employment 72.1 71.9 72.0 71.9 71.2 71.5 70.8
Income from self-employment* 9.6 9.5 9.3 8.9 8.6 8.4 8.4
Rent, dividends and net interest, etc.† 10.3 11.1 11.3 11.4 11.8 12.0 12.2
National insurance benefits and other current grants from public authorities 7.9 7.4 7.5 7.8 8.3 8.2 8.6
Total personal income* 100.0 100.0 100.0 100.0 100.0 100.0 100.0
1966 1967 1968 1969 1970 1971 1972
Income from employment 70.8 70.1 69.6 69.5 70.3 70.4 70.0
Income from self-employment* 8.3 8.4 8.5 8.5 8.5 8.8 9.0
Rent, dividends and net interest, etc.† 12.1 12.1 11.8 11.9 11.1 10.7 10.0
National insurance benefits and other current grants from public authorities 8.8 9.4 10.1 10.1 10.1 10.1 11.0
Total personal income* 100.0 100.0 100.0 100.0 100.0 100.0 100.0
* Before providing for depreciation and stock appreciation.
† Including current transfers to charities from companies.
There is no satisfactory basis for allocating taxes on income, which are assessed on the total income of individuals, to components of this income.