Skip to main content

Mortgage Interest And Life Assurance Premiums

Volume 22: debated on Tuesday 20 April 1982

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Chancellor of the Exchequer whether he will bring up to date the information on mortgage interest and life assurance premiums given in the replies to the hon. Members for Grimsby and Birkenhead (Mr. Field) on 11 March 1980, Official Report, c. 541–44.

asked the Chancellor of the Exchequer if he will update the information on mortgage interest provided in his reply to the hon. Member for Birkenhead (Mr. Field) on 11 March 1980, Official Report, c. 543–44.

The information on mortgage interest relief is as follows—estimates relate to 1982–83. As regards the information on life assurance premiums, I refer the hon. Member for Grimsby to my reply to his question on 7 April.—[Vol. 21, c. 375–76.]

Range of total income £

Cost in a full year £ million

Numbers receiving relief (000)

Average relief per mortgagor £

10,000–12,0003301,010330
12,000–15,000360980360
15,000–17,000150340450
17,000–20,000170290590
20,000–30,000240280830
over 30,0001201001,290
2,1805,800375

The information is in terms of tax units—that is married couples are counted as one and their income aggregated.