Joe Walsh
Question:131 Mr. J. Walsh asked the Minister for Finance the cost for each £100 of raising the age tax allowance from its current level to £1,000. [1762/97]
Written Answers. - Tax Reliefs.
The age allowance is at present £200 for a single or widowed person and £400 for a married couple. I am informed by the Revenue Commissioners that increasing the age allowance by each £100 for a single or widowed person and by £200 for a married couple is estimated to cost £2.8 million in a full year. It is estimated that the cost of increasing the allowance to £1,000 for a single or widowed person and £2,000 for a married couple would be of the order of £22 million in a full year.