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Age Allowances

Volume 130: debated on Thursday 31 March 1988

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To ask the Chancellor of the Exchequer if he will estimate the number of retirement pensioners (a) aged 65 to 79 years and (b) aged 80 years or over who will be better off by (i) £1 per week, (ii) £1 to £2 per week, (iii) £2 to £3 per week, (iv) £3 to £4 per week, (v) £4 to £5 per week, and (vi) £5 per week or over as a consequence of the increase in the age allowances to £3,180 and £3,310 for a single person and £5,035 and £5,205 for a married couple.

Gain1per week
Number of tax units2who gain as a result of the increase in personal allowances (thousands)
Number of tax units2 who gain from the Budget proposals for income tax rates and allowances (thousands)
Aged 65–79Aged 80 +Aged 65–79Aged 80 +
up to £12306511530
£l-£21,510290515120
£2-£32351556085
£3-£4801523035
£4-£575513020
Over £510Nil60080
TOTAL2,1204002,120400
1 Compared with 1987–88 tax regime.
2 Married couples counted as one unit.