§ Sir Andrew BowdenTo ask the Chancellor of the Exchequer how many people over the age of 65 years are liable for income tax at each of the lower, basic and higher rates, in the current financial year.
§ Sir George YoungLatest estimates for 1994–95 based on projections from the 1992–93 survey of personal incomes are given in the table. Only 30 per cent. of people aged 65 or over are liable to income tax.
Number millions Taxpayers aged 65 or over liable at Lower rate only 1.1 Basic rate but not higher rate 1.8 Higher rate 0.1 All 3.0