P272 CEEFAX 2 272 Sat 13 Jun 21:14/37       MAIN PERSONAL ALLOWANCES 1/3 Year to 5 April 1999 People Under 65 Personal Allowance £4,195 Married Couple's Allowance * £1,900 People Aged 65-74 Personal Allowance £5,410 Married Couple's Allowance * £3,305 People Aged 75 and Over Personal Allowance £5,600 Married Couple's Allowance * £3,345 * Relief given at 15%; down to 10% from April 1999. Sport 300 TV 600 Local news 160 Travel 430 News 101 Front page 100 Rjliefs TaxIndex RPI Main Menu
P272 CEEFAX 2 272 Sat 13 Jun 21:13/11       THE MARRIED COUPLE'S ALLOWANCE 2/3 A man whose wife lives with him can claim this allowance. Whatevjr your rate of tax, the relief is givjn at 15% (reducing your tax by up to £285 — £275 in 97/98 — if you are under 65. A husband and wife can elect to transfer the whole of the allowance to the wife. You must tell the Inland Revjnuj you intend to do this before the tax year starts. A wife can claim one half of the allowance without her husband's consjnt Sport 300 TV 600 Local news 160 Travel 430 News 101 Front page 100 Reliefs TaxIndex RPI Main Menu
P272 CEEFAX 2 272 Sat 13 Jun 21:12/29       THE AGE ALLOWANCE 3/3 People aged 65 qualify for higher allowances so long as "total income" does not exceed £16,200 in the year to 5 April 1999 (£15,600 in 1997/98). Total income includes all income (except tax-free income) less certain tax-deductible payments. If total income exceeds £16,200, thjn the age allowance is scaled down by £1 for every £2 of income until it reaches the amount of the basic personal allowance. So if in 1998/99 you earn £18,630 and you are aged 65-74 you will only get the basic personal allowance (if you are 75+ the figure is £19,010). Source: Ernst & Young (see page 271) Rjliefs TaxIndex RPI Main Menu