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Personal Incomes

Volume 894: debated on Monday 23 June 1975

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asked the Chancellor of the Exchequer how many people have incomes of less than £999, in each income band of £1,000, between £1,000 and £20,000, and greater than £20,000, at the latest date for which figures are available, giving in each case the percentage of the total.

Following is the estimated numbers of incomes by range of total net income:

1975–76
Lower limit of range of total net incomeNumber of incomesPercentage of number with incomes of £675 and above
£'000
6751,4706·8
1,0005,48025·4
2,0005,53025·6
3,0004,44020·6
4,0002,49011·5
5,0009804·5
6,0004602·1
7,0002601·2
8,0001200·6
9,0001000·5
10,000600·28
11,000400·19
12,000300·14
13,000250·12
14,000200·09
15,000150·07
16,000100·05
17,000100·05
18,000100·05
19,000100·05
20,000400·19
Total21,600100·00

Notes:

1. Total net income, as defined in Inland Revenue Statistics 1974, page 41, paragraph 5, is taxable income—before tax—from all sources after allowable deductions but before reliefs and allowances for tax. It thus excludes non-taxable benefits.

2. Husband and wife are counted as one and their incomes are aggregated.

3. Information about incomes of less than £1,000 is incomplete and it has been possible to estimate only the number of people with income above the tax exemption limit.