§ Lord Marlesfordasked Her Majesty's Government:
Whether they will update for the financial years 1991–92 and for 1992–93(as announced in the
90WA
Married man with two children (under 11) Top marginal rate of tax1 on earned income Gross earned income at which top marginal rate is first applied Year per cent Current prices £ 1992–93 prices2 £ 1957–58 92.5 15,279 176,306 1958–59 92.5 15,279 172,334 1959–60 88.75 15,279 172,057 1960–61 88.75 15,279 169,874 1961–62 88.75 18,847 202,014 1962–63 88.75 18,847 195,440 1963–64 88.75 18,901 192,721 1964–65 88.75 18,901 185,309 1965–66 96.25 18,879 176,809 1966–67 91.25 18,879 170,434 1967–68 91.25 18,879 166,468 1968–69 91.25 18,900 158,007 1969–70 91.25 18,900 150,299 1970–71 91.25 18,920 140,200 1971–72 75.44 (88.75) 20,776 140,919 1972–73 79.69 (93.75) 20,776 131,622 1973–74 75.0 (90.0) 21,175 121,421 1974–75 83.0 (98.0) 21,345 103,837 1975–76 83.0 (98.0) 21,435 83,687 1976–77 83.0 (98.0) 21,685 73,436 1977–78 83.0 (98.0) 22,821 67,800 1978–79 83.0 (98.0) 25,735 70,608 1979–80 60.0 (75.0) 26,815 63,504 1980–81 60.0 (75.0) 29,895 60,831 1981–82 60.0 (75.0) 29,895 54,574 1982–83 60.0 (75.0) 33,945 57,896 1983–84 60.0 (75.0) 38,795 63,245 1984–85 60.0 41,225 63,935 1985–86 60.0 43,655 63,954 1986–87 60.0 44,855 63,651 1987–88 60.0 44,995 61,425 1988–89 40.0 23,395 30,119 1989–90 40.0 25,075 29,945 1990–91 40.0 25,425 27,697 Budget) the table of marginal tax rates published in the House of Commons Hansardfor 29th January 1988 (cols.416–8)
§ Lord Brabazon of TaraThe information is given in the table below:
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Top marginal rate of tax1 on earned income Gross earned income at which top marginal rate is first applied Year per cent. Current prices £ 1992–93 prices2 £ 1991–92 40.0 28,715 29,865 1992–93 40.0 28,865 28,865 1 1971–72 to 1972–73: standard rate plus highest rate of surtax. The figures in brackets represent the top marginal rate of tax on investment income. 1 1973–74 to 1983–84: Highest rate of income tax. The figures in brackets represent the top marginal rate on investment income (2) by reference to movements in the general index of retail prices. 2 by reference to movements in the general index of retail prices. Changes in tax rates apply from 6th April.