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Tax Allowances

Volume 21: debated on Wednesday 7 April 1982

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asked the Chancellor of the Exchequer what would have been the saving in a full year if only the first £1,375 of the married man's tax allowance had been increased by 14 per cent. in the Budget; and how much of that saving would be attributable to non-pensioners.

The saving in a full year at 1982–83 income levels would be £410 million; this estimate also includes the yield from indexing only that part of the aged married allowance equivalent to the aged single allowance. It is not possible to distinguish non-pensioners, only those aged under 65; £360 million of the total saving would be attributable to this group.