HC Deb 10 April 1987 vol 114 cc447-8W
Mr. Gordon Brown

asked the Chancellor of the Exchequer (1) if he will show tax and national insurance in 1987–88 as a proportion of earnings, together with a breakdown of the reliefs and allowances applicable in the cases of a married man with earnings of £100,000 per annum, making an annual investment of £40,000 from his earnings under the business expansion scheme and claiming tax relief on(a) a mortgage loan of £30,000, assuming a monthly interest payment of £281.25,(b) the maximum contribution to a personal pension scheme from 4 January 1988, having no contracted-out employer's scheme prior to that date,(c) a life insurance policy taken out before 13 March 1984 and with an annual premium of £1,000 and (d) the maximum monthly tax-free investment into a personal equity plan;

(2) if he will show tax and national insurance in 1987–88 as a proportion of earnings together with a breakdown of the reliefs and allowances applicable in the case of a married man with earnings of £30,000 per annum, and

Mr. Norman Lamont

Information from the survey of personal incomes is as follows:

making an annual investment from his earnings of £5,000 under the business expansion scheme as well as claiming tax relief on(a) a mortgage loan of £30,000, assuming a monthly interest payment of £281.25,(b) the maximum contribution to a personal pension scheme from 4 January 1988, having no contracted-out employer's scheme prior to that date,(c) a life insurance policy taken out before 13 March 1984 and with an annual premium of £200 and (d) the maximum monthly tax-free investment into a personal equity plan;

(3) if he will show tax and national insurance in 1987–88 as a proportion of earnings together with a breakdown of the reliefs and allowances applicable in the cases of(a) a married man with earnings of £100,000 per annum,(b) a married man on the level of average male earnings assumed for 1987 and(c) a single person earning £100 per week.

Mr. Norman Lamont

I shall let the hon. Member have replies as soon as possible.