§ Mr. Fieldasked the Chancellor of the Exchequer if he will update the information given on investment income to the hon. Member for Rossendale (Mr. Trippier), Official Report, 21 October 1975, columns 77–78.
§ Mr. Peter ReesThe following table gives estimates for 1977–78—the latest year available—of the proportions of investment income accruing to different groups of earned income recipients. Both earned and investment income are measured before deductions such as mortgage interest, which may slightly affect comparability with the figures given in the previous reply. These estimates do not include cases where total income was below the limit for operation of PAYE (£810).
Range of total earned income* (£) Percentage of total investment income* (Per cent.) Below £1,000† 25 1,000– 1,999 17 2,000– 2,999 11 3,000– 3,999 9 4,000– 4,999 7 5,000– 5,999 5 6,000– 6,999 5 7,000– 7,999 4 8,000– 9,999 4 10,000–11,999 4 12,000–14,999 3 15,000–19,999 4 20,000 and over 2 All cases 100 * For definitions see page 24 of Inland Revenue statistics 1979. † Including cases without any earned income.