Income Tax

(asked on 23rd March 2015) - View Source

Question to the HM Treasury:

To ask Her Majesty’s Government what proportion of people whose incomes are too low to be affected by the increase in personal tax allowances announced in the Budget have children.


Answered by
 Portrait
Lord Deighton
This question was answered on 26th March 2015

Since 2010 this Government has lifted over three million people out of income tax.

In the income tax years 2016-17 and 2017-18, it is estimated that, for individuals aged over 16, whose income would be below the Personal Allowance before the Budget announced increases, 66% are female and 41% of those individuals have dependent children.

These estimates are derived from the results of the 2012-13 Family Resources Survey (FRS) projected forward to 2016-17 and 2017-18 using economic assumptions consistent with the Office for Budget Responsibility’s March 2015 economic and fiscal outlook.

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