Is someone earning £80,000 a year in the top 5% and how much tax do they pay?

An audience member on BBC’s Question Time prompted confusion after claiming that he should not pay higher taxes because, although he earns over £80,000 per year, he is not in the top 5 per cent of earners - or even in the top half.

The man was attacking the Labour party's policy of funding its spending plans by increasing taxes only on companies and the highest-earning 5 per cent of individuals.

The incident has sparked debate about income inequality and who should pay more towards the country's schools, roads, hospitals and other public services.

But how much money do the top 5 per cent earn, how much tax do they pay and how might that change after the election?