asked the Chancellor of the Exchequer if he will tabulate the components of the net weekly income of a man with a wife and two children under 11 years of age, assuming a wage of £35 a week and that the previous year's pay was at the same rates, showing relevant tax payments, repayments and any welfare benefits in the following circumstances, (a) for a week's work after 39 weeks at the appropriate rate and (b) when unemployed after 39 weeks' employment and when qualifying for earnings-related benefit.
The figures are:
A | |
£ | |
Weekly wage | 35·00 |
Family allowances | 0·90 |
35·90 | |
National Insurance Contributions: | |
Flat rate | 0·84 |
Graduated | 1·32 |
Income tax | 4·35 |
Net income | 29·39 |
B | |
£ | |
Unemployment Benefit: | |
Flat rate | 15·60 |
Earnings Related Supplement | 7·63 |
Family allowances | 0·90 |
Income tax refund | 6·20 |
Net Income | 30·33 |
asked the Chancellor of the Exchequer if he will tabulate the components of the net weekly income of a man with a wife and two children under 11 years of age, assuming a wage of £30 per week and that the previous year's pay was at the same rates, showing relevant tax payments, repayments and any welfare benefits in the following circumstances, (a) for a week's work after 39 weeks at the appropriate rate and (b) when unemployed after 39 weeks' employment and when qualifying for earnings related benefit.
The figures are:
A | |
£ | |
Weekly wage | 30·00 |
Family allowances | 0·90 |
30·90 | |
National Insurance Contributions: | |
Flat rate | 0·84 |
Graduated | 1·07 |
Income tax | 2·85 |
Net income | 26·14 |
B | |
£ | |
Unemployment Benefit: | |
Flat rate | 15·60 |
Earnings Related Supplement | 6·85 |
Family Allowances | 0·90 |
Income tax refund | 6·20 |
Net income | 29·55 |