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Personal Incomes

Volume 131: debated on Tuesday 12 April 1988

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To ask the Chancellor of the Exchequer if he will give for each of the top (a) 1 per cent., (b) 5 per cent., (c) 10 per cent., and (d) the remaining 90 per cent. of taxpayers (i) the total amount of income before tax and (ii) the total amount of income after tax for each of the years 1978–79 to 1987–88.

[holding answer 10 March 1988] : Estimates are given in the tables for 1978–79 and 1983–84 to 1987–88. Information for other years could be provided only at disproportionate cost. All estimates are based on information reported to tax offices and collected through the annual surveys of personal incomes. For years before 1985–86, estimates exclude employees' contributions to occupational pension schemes and some investment income on which tax is deducted at source.

Financial year

1978–79

1983–84

1984–85

1985–86

1

1986–87

1

1987–88

1

Remaining 90 per cent.

Amount £ billion78·5136·0147·0166·0178·0192·0
Share per cent.767575757474

All taxpayers

Amount £ billion102·8181·0197·0223·0239·0259·0
Share per cent.100100100100100100

Shares of income tax payers' total income after tax

Financial year

1978–79

1983–84

1984–85

1985–86

1

1986–87

1

1987–88

1

Top 1 per cent.

Amount £ billion2·75·96·78·18·79·5
Share per cent.344444

Top 5 per cent.

Amount £ billion10·119·822·025·227·330·0
Share per cent.121314141414

Top 10 per cent.

Amount £ billion17·332·936·241·244·849·6
Share per cent.212222232323

Remaining 90 per cent.

Amount £ billion65·2115·0125·0142·0152·0166·0
Share per cent.797878777777

All taxpayers

Amount £ billion82·6147·0162·0183·0197·0215·0
Share per cent.100100100100100100

1 Provisional; includes estimates of occupational pension contributions and investment income not reported to tax offices.