§ Mr. MandelsonTo ask the Chancellor of the Exchequer if he will give the average income, occupational pension and income tax liability of the top 1 per cent., top 5 per cent. and top 10 per cent. of people in receipt of occupational pensions.
§ Mr. DorrellLatest available estimates using the 1991–92 survey of personal incomes are given in the table.
People in receipt of an occupational pension ranged by amount of occupational pension Average amount of income (£) Average amount of occupational pension (£) Average income tax liability1 (£) Top 1 per cent. 54,400 30,000 9,100 Top 5 per cent. 30,100 17,600 4,600 Top 10 per cent. 23,300 13,600 3,300 1 The figures are the tax liability on occupational pensions assuming that they represent the top slice of taxable income.