asked the Minister for Finance if he will given in a particular form (details supplied) the estimated net income of the following persons with gross pay of £6,400 after tax, PRSI and levies, at 1 February 1984 who have no mortgage relief or abatements for insurance: (a) single person, (b) married couple (wife not earning) and (c) couple with two children; and if he will give similar figures on the same gross income on the commencement of the income tax year as outlined in the Budget Statement 1984.
Written Answers. - Income Tax Statistics.
249.
Following is the information requested by the Deputy:
(a) Single person (PAYE)
|
1983-84 |
1984-85 |
||||
|
£ |
£ |
£ |
£ |
||
|
Gross Income |
6,400 |
6,400 |
|||
|
Less: Pension Contribution |
— |
6,400 |
— |
6,400 |
|
|
Tax allowances |
2,336 |
2,686 |
|||
|
Taxable Income |
4,064 |
3,714 |
|||
|
First £1,000 at 25p |
250 |
— |
|||
|
Next £3,000 at 35p |
1,050 |
£3,714 at 35p |
1,299.90 |
||
|
Remainder £64 at 45p |
28.80 |
— |
|||
|
Total Tax |
1,328.80 |
1,328.80 |
1,299.90 |
1,299.90 |
|
|
Net Pay |
5,071.20 |
5,100.10 |
|||
|
Less PRSI contribution (Class A1 at 5.5%) |
352.00 |
352.00 |
|||
|
Less Levies (3%)* |
192.00 |
192.00 |
|||
|
Add Children's Allowances |
— |
— |
|||
|
Disposable Income |
4,527.20 |
4,556.10 |
*Includes health contribution.
(b) Married couple with no children, wife not earning (PAYE)
|
1983-84 |
1984-85 |
||||
|
£ |
£ |
£ |
£ |
||
|
Gross Income |
6,400 |
6,400 |
|||
|
Less: Pension Contribution |
— |
6,400 |
— |
6,400 |
|
|
Tax allowances |
3,786 |
4,486 |
|||
|
Taxable Income |
2,614 |
1,914 |
|||
|
First £2,000 at 25p |
500 |
— |
|||
|
Remainder £614 at 35p |
214.90 |
£1,914 at 35p |
669.90 |
||
|
Total Tax |
714.90 |
714.90 |
699.90 |
669.90 |
|
|
Net Pay |
5,685.10 |
5,730.10 |
|||
|
Less PRSI contribution (Class A1 at 5.5%) |
352.00 |
352.00 |
|||
|
Less Levies (3%)# |
192.00 |
192.00 |
|||
|
Add Children's Allowances |
— |
— |
|||
|
Disposable Income |
5,141.10 |
5,186.10 |
(c) Married couple with two children, wife not earning (PAYE)
|
1983-84 |
1984-85 |
||||
|
£ |
£ |
£ |
£ |
||
|
Gross Income |
6,400 |
6,400 |
|||
|
Less: Pension Contribution |
— |
6,400 |
— |
6,400 |
|
|
Tax allowances |
3,986 |
4,686 |
|||
|
Taxable Income |
2,414 |
1,714 |
|||
|
First £2,000 at 25p |
500 |
— |
|||
|
Remainder £414 at 35p |
144.90 |
£1,714 at 35p |
599.90 |
||
|
Total Tax |
644.90 |
644.90 |
599.90 |
599.90 |
|
|
Net Pay |
5,755.10 |
5,800.10 |
|||
|
Less PRSI contribution (Class A1 at 5.5%) |
352.00 |
352.00 |
|||
|
Less Levies (3%)# |
192.00 |
192.00 |
|||
|
Add Children's Allowances |
270.00 |
282.80 |
|||
|
Disposable Income |
5,481.10 |
5,538.90 |
#Includes health contribution.
250.
asked the Minister for Finance if he will give in a particular form (details supplied) the net take home pay of the following persons in receipt of gross pay of £6,400 on 1 February 1984, after existing tax, levies and PRSI (who have no mortgage relief or abatements for insurance); (a) single wage earner and (b) married couple with two children (wife not earning); and if he will give the corresponding figures in April 1984 on the assumption that pay has increased by 8 per cent over February.
Following is the information requested by the Deputy:—
(a) Single person (PAYE)
|
1983-84 |
1984-85 |
||||
|
£ |
£ |
£ |
£ |
||
|
Gross Income |
6,400 |
6,912 |
|||
|
Less: Pension Contribution |
— |
6,400 |
— |
6,912 |
|
|
Tax allowances |
2,336 |
2,686 |
|||
|
Taxable Income |
4,064 |
4,226 |
|||
|
First £1,000 at 25p |
250 |
— |
|||
|
Next £3,000 at 35p |
1,050 |
£4,000 at 35p |
1,400 |
||
|
Remainder £64 at 45p |
28.80 |
£226 at 45p |
101.70 |
||
|
Total Tax |
1,328.80 |
1,328.80 |
1,501.70 |
1,501.70 |
|
|
Net Pay |
5,071.20 |
5,410.30 |
|||
|
Less PRSI contribution (Class A1 at 5.5%) |
352.00 |
380.16 |
|||
|
Less Levies (3%)# |
192.00 |
207.36 |
|||
|
Add Children's Allowances |
— |
— |
|||
|
Disposable Income |
4,527.20 |
4,822.78 |
#Includes health contribution.
(b) Married couple with two children, wife not earning (PAYE)
|
1983-84 |
1984-85 |
||||
|
£ |
£ |
£ |
£ |
||
|
Gross Income |
6,400 |
6,912 |
|||
|
Less Pension Contribution |
— |
6,400 |
— |
6,912 |
|
|
Tax allowances |
3,986 |
4,686 |
|||
|
Taxable Income |
2,414 |
2,226 |
|||
|
First £2,000 at 25p |
500 |
— |
|||
|
Remainder £414 at 35p |
144.90 |
£2,226 at 35p |
779.10 |
||
|
Total Tax |
644.90 |
644.90 |
799.10 |
779.10 |
|
|
Net Pay |
5,755.10 |
6,132,90 |
|||
|
Less PRSI contribution (Class A1 at 5.5%) |
352.00 |
380.16 |
|||
|
Less Levies (3%)# |
192.00 |
207.36 |
|||
|
Add Children's Allowances |
270.00 |
282.80 |
|||
|
Disposable Income |
5,481.10 |
5,828.18 |
#Includes health contribution.