HC Deb 14 May 1987 vol 116 cc288-9W
Mr. Austin Mitchell

asked the Chancellor of the Exchequer if, pursuant to his reply dated 6 April, Official Report, column 74, showing the average unearned income and average amount of mortgage interest relief in each income band at higher rates, he will publish in the Official Report the number of incomes in each of these two categories in the same detail.

Mr. Norman Lamont

[pursuant to his reply, 13 May 1987]: Information is given in the tables. The estimates are based on a projection from the 1984–85 survey of personal incomes and are therefore provisional.

Range of total income Lower limit Total number of incomes Number of incomes with investment income Number of incomes with mortgage interest relief Total number of incomes Number of incomes with investment income Number of incomes with mortgage interest relief
(£ pa ('000s) ('000s). ('000s) ('000s) ('000s) ('000s)
Two-earner married couples
Without a wife's earnings election With a wife's earnings election
20,000 55 40 15 0 0 0
25,000 225 175 150 50 35 25
30,000 90 80 70 110 80 75
35,000 40 35 30 70 55 50
40,000 30 30 20 50 45 30
50,000 30 30 20 50 45 30
1 Includes some 130,000 tax units that are taken out of higher rate tax following the wife's earnings election.

Back to