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Gross And Net Incomes

Volume 891: debated on Tuesday 29 April 1975

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asked the Chancellor of the Exchequer, assuming the taxpayer to be a single man without dependants, what gross income, earned and unearned, respectively, he would need to ensure a net annual income of £200,000, £300,000, and £400,000, respectively.

The figures for 1975–76 are as follows:

Gross Income
Net IncomeAll earnedAll investment
£££
200,0001,143,9109,713,237
300.0001,732,14614,713,237
400,0002,320,38119,713,237