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Incomes

Volume 175: debated on Wednesday 27 June 1990

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To ask the Chancellor of the Exchequer what is the average income level of each 1 per cent. of the population with the highest incomes up to the total of 20 per cent. of the population with the highest incomes.

Available information is given in the table. Estimates for 1990–91 are based on a projection of the 1987–88 survey of personal incomes and are provisional. Since some investment income from which tax is deducted at source is not reflected in the survey, these estimates are uncertain and more detailed estimates cannot therefore be given.

Average income of individuals liable to tax at 1990–91 levels of income
Group of individuals liable to tax1Average income £ per annum
Top 1 per cent.97,000
Top 5 per cent.51,000
Top 10 per cent.39,000
Top 20 per cent.30,000
1 Husband and wife counted separately.