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Income Tax (Pensioners)

Volume 330: debated on Tuesday 27 April 1999

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To ask the Chancellor of the Exchequer (1) if he will estimate how many people over the age of 65 years will have a marginal rate of income tax of (a) nil, (b) 10 per cent., (c) 20 per cent., (d) 23 per cent. and (e) 40 per cent. in (i) 1998–99 and (ii) 1999–2000; [79359](2) if he will estimate how many pensioners will have a marginal rate of income tax of

(a) nil, (b) 10 per cent., (c) 20 per cent., (d) 23 per cent. and (e) 40 per cent. in 1999–2000. [79360]

[holding answer 30 March 1999]: Estimates by marginal rates of income tax are shown in the table.

Thousand
Marginal rate (percentage)Aged 65 and over 1998–99Aged 65 and over 1999–2000Pensionable ages 1999–2000
06,1506,1507,000
10350450
201,950700750
231,0501,9502,350
40150150150