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Mr. Ralph Howell
asked the Chancellor of the Exchequer what was the value in 1974–75 for a man with three children aged 8, 13, and 16 years and earning £1,500 £2,000, £2,500, £3,000, £3,500, £4,000, £4,500, £5,000, £6,000 and £7,000, of (a)
1974–75 | 1975–76* | ||||||
Personal earnings | Value of family allowances after tax and clawback | Value of total child tax allowances in terms of tax relief | Annual earnings | Value of family allowances after tax and clawback† | Value of total child lax allowances in terms of tax relief | ||
(a) | (b) | (a) | (b) | ||||
£ | £ | £ | £ | £ | £ | £ | £ |
1,500 | 31·88 | 270·60 | 1,800 | 65·00 | 54·17 | 287·00 | 239·17 |
2,000 | 31·88 | 270·60 | 2,400 | 65·00 | 54·17 | 287·00 | 239·17 |
2,500 | 31·88 | 270·60 | 3,000 | 65·00 | 54·17 | 287·00 | 239·17 |
3,000 | 31·88 | 270·60 | 3,600 | 65·00 | 54·17 | 287·00 | 239·17 |
3,500 | 31·88 | 270·60 | 4,200 | 65·00 | 54·17 | 287·00 | 239·17 |
4,000 | 31·88 | 270·60 | 4,800 | 65·00 | 54·17 | 287·00 | 239·17 |
4,500 | 31·88 | 270·60 | 5,400 | 65·00 | 54·17 | 297·25 | 247·71 |
5,000 | 31·88 | 270·60 | 6,000 | 65·00 | 54·17 | 342·50 | 285·42 |
6,000 | 30·10 | 328·49 | 7,200 | 39·00 | 32·50 | 394·25 | 328·54 |
7,000 | 11·60 | 369·49 | 8,400 | 26·00 | 21·67 | 445·25 | 371·04 |
* Assuming allowances and rates of tax proposed for 1975–76. Columns headed (a) show values at 1975–76 prices; columns (b) are those values deflated by the postulated percentage change in wages and salaries. | |||||||
† The recent increases in family allowances are subject to income tax but there has been no change in the "clawback" arrangements. |