§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer whether he will bring up to date the information on investment incomes in his answer of 25 July 1986,Official Report, columns 671–72, on the basis of income ranges adjusted to take account of inflation.
§ Mr. Maude[holding answer 19 February 1992]: Estimates are given in the table:
women and the amount of investment income divided between those with earned income and those without; and if he will add figures for a lower limit of £15,000, £25,000 and £100,000.
§ Mr. Maude[holding answer 19 February 1992]: Readily available estimates for taxpaying wives with investment income at 1990–91 levels of income are as follows.
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Wives with Earned Income1 Range of Wife's Total Income (lower limit) (£ per year) Number (000's) Amount of investment income (£ per year) 3,000 2,070 1,320 7,000 1,060 980 10,000 710 930 15,000 360 650 20,000 120 400 25,000 40 230 30,000 40 230 40,000 20 210 50,000 20 390
1990–91 levels of income Single women Gross investment Income greater than or equal to £1,000 per year Gross investment income less than £1,000 per year Total income lower limit £ per year Number (000's) Average investment income £ per year Number (000's) Average investment income £ per year 3,000 380 2,300 1,030 370 7,000 390 2,800 930 470 10,000 440 3,800 680 470 15,000 240 4,600 240 480 20,000 120 7,900 130 540 30,000 30 18,000 — — 40,000 30 39,000 — —
1990–91 levels of income Married women Gross investment income greater than or equal to £1,000 per year Gross investment income less than £1,000 per year Total income lower limit £ per year Number (000's) Average investment income £ per year Number (000's) Average investment income £ per year 3,000 440 2,700 1,190 350 7,000 240 3,500 630 340 10,000 210 3,900 430 420 15,000 110 5,500 230 490 20,000 70 9,300 90 540 30,000 30 9,700 20 540 40,000 30 25,000 — —
1991–92 Levels of income Single women Gross investment income greater than or equal to £1,000 per year Gross investment income less than £1,000 per year Total income lower limit £ per year Number (000's) Average investment income £ per year Number (000's) Average investment income £ per year 3,000 310 2,300 900 340 7,000 350 2,700 950 420 10,000 380 3,800 740 420 15,000 200 3,900 310 450 20,000 150 7,200 180 480 30,000 30 14,000 20 370 40,000 30 35,000 — — 258W
Married women Gross investment income greater than or equal to £1,000 per year Gross investment income less than £1,000 per year Total income lower limit £ per year Number (000's) Average investment income £ per year Number (000's) Average investment income £ per year 3,000 330 2,800 1,060 310 7,000 180 3,400 650 320 10,000 170 4,100 510 390
1 Wives with income from employment, self-employment or occupational pensions. There are estimated 80,000 non-earning taxpaying wives with total investment income of £760 million. It is not possible to provide an analysis of non-earning wives by income range.
§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer whether he will publish for 1990–91 and 1991–92 the information on investment income of females given in his answer of 6 April 1987,Official Report, columns 81–82; and if he will publish separate figures for females aged over 60 years.
§ Mr. Maude[holding answer 19 February 1992]: Estimates for female taxpayers with investment income are given in the tables.
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Gross investment income greater than or equal to —1,000 per year Gross investment income less than £1,000 per year Total income lower limit £ per year Number (000's) Average investment income £ per year Number (000's) Average investment income £ per year 15,000 90 5,600 270 440 20,000 70 8,200 130 500 30,000 30 9,800 20 540 40,000 30 21,000 — — I regret it is not possible to publish separate figures for females aged over 60.