P221 CEEFAX 221 Tue 22 Jul 21:01/00  CEEFAX FAMILY FINANCE 3'3  @X GUIDE 3:TAX BRACKETS  + Aftdr 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,  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 £20,000-£25,000 55 £22,250-£27 6 55 £25,000 upwards 60 £27 6  60 + Income from —nvestment —s liable to the Investment Income Surcharge. T(hs is applied at an addithonal flat rate of 15% on all inbdstment income over £5,500 per annum. + In a moment TAX GUIDE PART 1
P221 CEEFAX 221 Tue 22 Jul 21:02/15  CEEFAX FAMILY FINANCE 2/3  TAX GUIDE 2: OLD AGE  AL N ANCES + If you arf 65 or over at the end of the tax ydar, the 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 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 22 Jul 21:20/11  CEEFAX FAMILY FINANCE 1/3  $BX GUIDE 1: PERSONAL  AL N.ANCES + Income tax is assessed on personal income only aftfr your income exceeds the totals below. These are known as FPA 1979/80 1980781 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 22 Jul 21:01/01  CEEFAX FAMILY FINANCE 1/3  TAX GUIDE 1: PERSONAL  ALLOWAN D + Income tax Hs assessed on personal income only aftfr your income exceeds the totals below. These ard known as Tax-Free Pdrsonal Allowances. Single Married Single Married £1,165 £1,815 £1,3  + If, however, you ard 65 or over or have an investldnt income of more than £5,000 pa, see the following page. + In a moment TAX GUIDE PART 2
P221 CEEFAX 221 Tue 22 Jul 21:21/00  CEEFAX FAMILY FINANCE 3/3  @X GUIDE 3: @X BRACKE B  G1Tkk(RV06E k C 6 %- kc TRRH 19  Next £750 25 Lowest band rfmoved £710-£10,000 30 B——st £11,2  30 £10,000-£12,000 40 £11,250-£13,250 00 £12,000-£15,000 45 £13,250-£16,750 45 £15,000-£20,000 10 £16,750-£22,250 50 £20,000-£25,000 55 £22,250-£27,750 55 £25,000 upwards 60 £27 6  60 + Income from investment is liable to the Invdstment Hncome Surch—rge. This is applied at an additional flat rate of 00% on all investment hncome over £5,500 per annum. + In a moment TAX GUIDE PAR 1