§ Lord Marlesfordasked 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 HaringeyFigures are in the following table for 1970–71 to 1998–99.
85WA
86WA
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.