§ Mr. Wrigglesworthasked the Chancellor of the Excheqeuer if he will list the number of new accounts opened, the number of accounts closed, the number of accounts remaining, the total balances held and the number of staff employed for both ordinary and investment accounts at the National Savings Bank on 31st March 1978 and for the latest available month.
§ Mr. Denzil DaviesThe information requested is given in the following tables:
figures to those he gave the hon. Member for Cornwall North on 16th December 1975 regarding record general trends for subsequent years after 1970–71.
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§ Mr. Robert Sheldon,pursuant to his reply [official Report. 6th November
PERCENTAGE OF INCOME PAID IN INCOME TAX AND NATIONAL INSURANCE CONTRIBUTIONS Single man Married man 2 children not over 11 Year Tax NIC Total Tax NIC Total Per cent. Per cent. Per cent. Per cent. Per cent. Per cent. 1971–72 … 22.4 5.8 28.2 13.1 5.6 18.7 1972–73 … 20.5 5.9 26.4 12.3 5.8 18.1 1973–74 … 21.6 5.9 27.5 14.6 5.8 20.4 1974–75 … 25.0 5.9 30.9 16.8 5.8 22.6 1975–76 … 27.5 5.5 33.0 20.0 5.4 25.4 1976–77 … 27.8 5.8 33.6 19.3 5.6 24.9 1977–78 … 25.9 5.8 31.7 17.8 5.6 23.4 1978–79 (August) … 24.1 6.5 30.6 17.5 6.2 23.7 For 1971–72 to 1977–78 the figures are based on the averages of the new earnings survey estimates of average earnings of full time adult male manual workers at the start and finish of each tax year. To give an estimate for 1978–79 the April 1978 NES figure has been updated by the monthly index of average earnings to give a figure for August 1978, the latest available. As in the previous answer, tax and national insurance contributions have been expressed as a percentage of gross income which for the married man includes family allowance and child benefit. National insurance contributions are for an employee not contracted out of the graduated or earnings related pension schemes.
§ Mr. Pardoeasked the Chancellor of the Exchequer what percentage of income was paid in income tax and national insurance contributions, respectively, and in total, by a married couple without children for each year since 1945.
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 6th November 1978; Vol. 957, c. 60], gave the following information:
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MARRIED COUPLES WITHOUT CHILDREN Percentage of income paid in Year Tax NIC Total Per cent. Per cent. Per cent. 1945–46 14.7 1.4 16.2 1946–47 6.4 2.0 8.4 1947–48 6.2 2.2 8.4 1948–49 6.5 3.2 9.7 1949–50 6.9 3.4 10.3 1950–51 6.5 3.3 9.8 1951–52 8.0 3.0 11.1 1952–53 5.8 3.0 8.9 1953–54 5.9 3.0 8.9 1954–55 6.9 2.8 9.7 1955–56 7.0 2.9 10.0 1956–57 8.0 2.8 10.9 1957–58 9.0 3.0 12.0 1958–59 9.3 3.8 13.1 1959–60 9.1 3.7 12.8 1960–61 10.2 3.4 13.6 1961–62 10.7 4.4 15.1 1962–63 11.3 4.9 16.2 1963–64 10.8 5.5 16.3 1964–65 12.2 5.3 17.6 1965–66 14.0 5.4 19.4 1966–67 14.7 5.5 20.2 1967–68 15.5 5.5 21.0 1968–69 16.7 5.6 22.3 1969–70 17.8 5.7 23.6 1970–71 18.9 5.8 24.8 1971–72 19.0 5.8 24.8 1972–73 17.5 5.9 23.5 1973–74 19.0 5.9 25.0 1978; Vol. 957, c. 59], gave the following information:
Percentage of income paid in Year Tax NIC Total Per cent. Per cent. Per cent. 1974–75 21.9 5.9 27.9 1975–76 24.4 5.5 29.9 1976–77 24.3 5.8 30.1 1977–78 21.5 5.8 27.2 1978–79 20.0 6.5 26.5 It is assumed that the Question refers to a married man with average earnings. For years up to 1969–70 the average earnings are the annual equivalents of the average weekly earnings of males aged 21 and over in manufacturing and certain other industries at October of each year except for 1945–46 when the weekly earnings related to July. For 1970–71 to 1977–78 the figures are based on the averages of the new earnings survey estimates of the average earnings of full time adult male manual workers at the start and finish of each tax year. To give an estimate for 1978-79 the April 1978 NES figure has been updated by the monthly index of average earnings to give a figure for August 1978, the latest available.
The national insurance contributions are those for employees not contracted out of the earnings related or graduated pension schemes.