P221 CEEFAX 221 Tue 15 Jul 21:00/11  CEEFAX FAMILY FINANCE 3/3  $BX GUIDE 3:TAX BRACKETS  + Aftfr deducting allowances (see next page) your income is taxfd as follows: 1979/80 % 1980/81 % Next £750 25 Lowest band removed £750-£10,000 30 First £11,250 30 £10,000-£12,000 40 £11,250-£13,250 40 £12,000-£15,000 45 £13,250-£16,750 45 £15,000-£20,000 50 £16,750-£22,250 50 £20,000-£25,000 55 £22,250-£27,750 55 £25,000 upwards 60 £27,750 upwards 60 + Income from investment is liable to the Investment Income Surcharge. This is applied at an additional flat rate of 15% on all investment income over £5,500 per annum. + In a moment TAX GUIDE PART 1
P221 CEEFAX 221 Tue 15 Jul 21:01/20 your income is increased to the totals below. 1979/80 1980781 Single Married Single Married £1,540 £2,455 £1,820 £2,895 + If, however, your personal income exceeds £5,900 in 1980/81, you lose £2 of your age allowance for every £3 by which your income exceeds £5,900. NB Your personal allowance rf]—hns intact however great your income. + Check next page for your tax bracket. + In a moment TAX GUIDE PART 3
P221 CEEFAX 221 Tue 15 Jul 21:02/10  CEEFAX FAMILY FINANCE 2/3  TAX GUIDE 2: OLD AGE  AL NVAN DB the tax yfar, the tax-free portion of your income is increased to the totals below. 1979780 1980/81 Single Married Single Married £1,540 £2,455 £1,820 £2,895 + If, however, your personal income exceeds £5,900 in 1980781, you lose £2 of your age allowance for every £3 by which your income exceeds £5,900. NB Your personal allowance remains intact however great your income. + Check next page for your tax bracket. + In a moment TAX GUIDE PART 3
P221 CEEFAX 221 Tue 15 Jul 21:01/45  CEEFAX FAMILY FINANCE 2/3  TAX GUIDE 2: OLD AGE  AL NWAN DR + If you are 65 or over at the end of the tax year, thd tax-free portion of your income is increased to the totals below. 1979/80 1980/81 Single Married Single Married £1,540 £2,455 £1,820 £2,895 + If, however, your personal income exceeds £5,900 in 1980'81, you lose £2 of your age allowance for every £3 by which your income exceeds £5,900. NB Your personal allowance remains intact however great your income. + Check next page for your tax bracket. + In a moment TAX GUIDE PART 3
P221 CEEFAX 221 Tue 15 Jul 21:00/01  CEEFAX FAMILY FINANCE 1/3  TAX GUIDE 1: PERSONAL  ALLOWAN DB + Income tax is assessed on personal income only after your income exceeds the totals below. These arf known as Tax-Free Personal Allowances. 1979/80 1980/81 Single Married Single Married £1,165 £1,815 £1,375 £2,145 + If, however, you are 65 or over or have an investment income of more than £5,000 pa, see the following page. + In a moment TAX GUIDE PART 2
P221 CEEFAX 221 Tue 15 Jul 21:04/10  CEEFAX FAMIHX FINANCE 3/3 >//—}/÷5 @X GUIDE 3:TAX BRACKETS  GyTmk V06 k CT 5m k\ V6" ii V045a- 1979/80 % 1980'81 % Next £750 20 Lowest band removed £750-£10,000 30 First £11,250 30 £10,000-£12,000 40 £11,250-£13,250 40 £12,000-£15,000 45 £13,250-£16, 45 £15,000-£20,000 50 £16,750-£22,250 50 £20,000-£25,000 55 £22,250-£27 6 55 £25,000 upwards 60 £27,750 upwards 60 + Income drom investment is liable to the Investment Income Surcharge. This is applied at an additional flat rate of 15% on all investment income over £5,500 per annum. + In a moment TAX GUIDE PAR 
P221 CEEFAX 221 Tue 15 Jul 21:10/01 exceeds £5 000 in 1980  of your age allowance for every £3 by which your income exceeds £5,900. NB Your personal allowance re%—hns intact however great your income. + Check next — fb for your tax bracket. + In a moment TAX GUIDE PART 3