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Personal Incomes

Volume 868: debated on Friday 8 February 1974

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asked the Chancellor of the Exchequer what percentage of people in the United Kingdom has an earned income in the range: under £1,000 per annum, £1,000 to £2,000 per annum, £2,000 to £3,000 per annum, £3,000 to £4,000 per annum, £4,000 to £5,000 per annum, £5,000 to £6,000 per annum, £6,000 to £7,000 per annum, £7,000 to £8,000 per annum, £8,000 to £9,000 per annum, £9,000 to £10,000 per annum and over £10,000 per annum; and what percentage of people has unearned incomes falling within the above range of incomes.

The estimated percentages for 1973–74 are as follows:

Range of net earned or net investment incomeNet earned incomeNet investment income
£ per annumPer cent.Per cent.
Nil–1,00018·496·7
1,000–2,00038·11·7
2,000–3,00028·80·7
3,000–4,0009·90·4
4,000–5,0002·90·3
5,000–6,0001·00·1
6,000–7,0000·30·06
7,000–8,0000·20·04
8,000–9,0000·10·02
9,000–10,0000·10·02
Over 10,0000·20·1
These percentages relate only to individuals—counting married couples as one—with incomes above the effective tax exemption limit.