§ Mr. Keith BradleyTo ask the Chancellor of the Exchequer what estimate he has made of the net income652W of a family with two children (a) aged 20 in full time education and (b) aged 12 with a gross income of (i) £13,000, (ii) £13,500, (iii) £14,000, (iv) £14,500, (v) £15,000, (vi) £15,500 and (vii) £16,000 a year; and what assessment he has made of the sources of that net income. [134061]
§ Dawn PrimaroloThe general definition of a child, as given in the Households Below Average Income publication, is an individual aged under 16 or an unmarried 16 to 18-year-old on a course up to and including 'A' level standard. On this basis a 20-year-old in full time education is treated as independent in the tax and benefits system.
Given annual gross earnings, a single full-time earner family with a dependent child aged 12 will have an annual net household income in 2003–04 that is tabulated as follows:
Gross earnings Income tax National insurance Child benefit Working tax credit Child tax credit Net income 13,000 1,610 921 835 707 1,980 13,992 13,500 1,720 976 835 523 1,980 14,142 14,000 1,830 1,031 835 339 1,980 14,293 14,500 1,940 1,086 835 155 1,980 14,444 15,000 2,050 1,141 835 0 1,951 14,595 15,500 2,160 1,196 835 0 1,767 14,747 16,000 2,270 1.251 835 0 1,583 14,898