HL Deb 04 May 1999 vol 600 cc84-6WA
Lord Marlesford

asked Her Majesty's Government:

Whether they will set out in a table the top rate of United Kingdom personal income tax (including where appropriate the investment income surcharge) for each financial year since 1970–71, indicating the threshold of taxable income at which that rate applied, expressing that threshold in both current prices and in 1997–98 prices. [HL1907]

Lord McIntosh of Haringey

Figures are in the following table for 1970–71 to 1998–99.

year Single, non-aged personal allowance for a man with no children£ Taxable income above which the highest rate is charged£ Highest rate of income tax charged Per cent Retail Price Index Single, non-aged Personal allowance for a man with no children at 1997–98 prices £ Taxable income above which the highest rate is charged at 1997–98 prices £
1970–71 325 0 41.25 18.92 2,728 0
1971–72 325 0 38.75 20.67 2,497 0
1972–73 460 0 38.75 22.13 3,301 0
1973–74 595 20,000 90 24.45 3,865 129,931
1974–75 625 20,000 98 28.82 3.444 110,213
1975–76 675 20,000 98 35.91 2,985 88,452
1976–77 735 20,000 98 41.40 2,820 76,727
1977–78 945 21,000 98 47.19 3,180 70,670
1978–79 985 24,000 98 51.11 3,061 74,575
1979–80 1,165 25,000 75 59.19 3,126 677,074
1980–81 1,375 27,750 75 68.85 3,172 64,008
1981–82 1,375 27,750 75 76.77 2,844 57,407
1982–83 1,565 31,500 75 82.20 3,024 60,857
1983–84 1,785 36,000 75 86.03 3,295 66,459
1984–85 2,005 38,100 60 90.37 3,524 66,956
1985–86 2,205 40,200 60 95.71 3,659 66,704
1986–87 2,335 41,200 60 98.78 3,754 66,240
1987–88 2,425 41,200 60 102.72 3,749 63,699
1988–89 2,605 19,300 40 108.88 3,800 28,152
1989–90 2,785 20,700 40 117.38 3,768 28,007
1990–91 3,005 20,700 40 128.74 3,707 25,534
1991–92 3,295 23,700 40 134.85 3,880 27,91 1
1992–93 3,445 23,700 40 139.11 3,933 27,056
1993–94 3,445 23,700 40 141.48 3,867 26,602
1994–95 3,445 23,700 40 145.35 3,764 25,894
1995–96 3,525 24,300 40 150.08 3,730 25,714
1996–97 3,765 25,500 40 153.73 3,889 26,343
1997–98 4,045 26,100 40 158.81 4,045 26,100
1998–99 4,195 27,100 40 163.76 4,326 27,945
For 1970–71 to 1972–73, the highest rate of income tax excludes surtax. For 1973–74 to 1983–84, the highest rate charged includes investment income surcharge at 15 per cent. but this total rate would only apply if the taxpayer's income included investment income greater than the threshold for the highest rate of surcharge, which varied between £2,000 in 1973–74 and £7,100 in 1983–84.