§ Mr. MaxtonTo ask the Chancellor of the Exchequer if he will estimate the total number of people in receipt of occupational pensions and the average value of these pensions by decile group together with the average value of tax liability of each decile.
§ Mr. DorrellLatest available estimates using the 1991–92 survey of personal incomes are given in the table. The information is based on administrative records and excludes some individuals whose income is below the tax threshold.
956W
Decile group of people in receipt of an occupational pension ranged by amount of occupational pension Number of people in each decile (thousands) Average amount of occupational pension £ Average income tax liability1 £ Bottom 10 per cent. 530 270 20 10-20 per cent. 530 620 50 20-30 per cent. 530 1,000 80 30-40 per cent. 530 1,410 140 40-50 per cent. 530 1,880 210 50-60 per cent. 530 2,500 290 60-70 per cent. 530 3,450 510 70-80 per cent. 530 4,820 730 80-90 per cent. 530 6,950 1,320
Decile group of people in receipt of an occupational pension ranged by amount of occupational pension Number of people in each decile (thousands) Average amount of occupational pension £ Average income tax liability1 £ Top 10 per cent. 530 13,600 3,270 Total 5,300 3,650 660 1 The figures are the tax liability on occupational pensions assuming that they represent the top slice of taxable income.