Family Income (Hansard, 28 June 1979)

§ Mr. Field

asked the Chancellor of the Exchequer if he will update the answer

			Single person	Married couple	Married couple with children under 11
Gross earnings before allowances and releifs	Tax as a proportion of gross earnings	Marginal tax rate	Tax as a proportion of gross earnings	Marginal tax rate	Tax as a proportion of gross earnings	Marginal tax rate
£	per cent.	per cent.	per cent.	per cent.	per cent.	per cent.
1978–79—
25,000	…	…	39.4	75.0	37.7	75.0	37.1	75.0
30,000	…	…	45.0	83.0	43.4	83.0	42.9	83.0
35,000	…	…	49.5	83.0	48.2	83.0	47.7	83.0
1979–80—
1,000	…	…	0.0	0.0	0.0	0.0	As for married couple
2,000	…	…	0.4	25.0	0.0	0.0
3,000	…	…	5.2	25.0	0.0	0.0
4,000	…	…	8.3	30.0	3.6	25.0
5,000	…	…	10.2	30.0	6.3	30.0
6,000	…	…	11.5	30.0	8.2	30.0
7,000	…	…	12.4	30.0	9.6	30.0
8,000	…	…	13.1	30.0	10.6	30.0
9,000	…	…	14.4	30.0	12.2	30.0
10,000	…	…	15.8	30.0	13.9	30.0
15,000	…	…	20.1	40.0	18.7	30.0
20,000	…	…	25.7	45.0	23.9	45.0
25,000	…	…	29.7	50.0	28.4	50.0
30,000	…	…	33.4	55.0	32.2	55.0
35,000	…	…	36.7	60.0	35.6	60.0

The figures have been calculated on the same basis as the previous answer, except that for 1979–80 the current mortgage interest rate has been used and relief for life assurance has not been included, as this is now reflected in the net premium payable. It is assumed as previously that mortgage interest is payable on the full amount of a mortgage three times annual salary subject to the restriction of £25,000 and that superannuation is 5 per cent. of annual salary.

318W

given to the hon. Member for Birkenhead—Column 144, 11 June 1979—to take into account the Budget changes.