P565 ORACLE 565 Mon12 Oct C4 1742:10  1/6 #       Personal allowances (1987/88) Single people £2,425 Married man 3,795 Wife's earned income 2,425 Additional allowance (for people raising a child alone) 1,370 Age allowances if income is below £9,800: Married man up to 4,675 Single person up to 2,960 (wife's earned income allowance remains at £2,425) more follows > Your Money index 560 Letters 566  FIDELITY UNIT TRUSTS - 574 You Write Feature Holidays City
P565 ORACLE 565 Mon12 Oct C4 1700:14 [# /*%   /*%/  / /$,'  .!/*%/$,.!,,,,,,,,,,,,,,,,,,,,,,,, Personal allowances (1987/88) Single people £2,425 Married man 3,795 Wife's earned income 2,425 Additional allowance (for people raising a c(hld alone) 1,370 Age allowances if income is below £9,800: Married man up to 4,6 T Single person up to 2,960 (wife's earned income allowance remains at £2,425) more follows > Your Money index 560 Letters 566  FIDELITY UNIT TRUS R - 574 You  Feature Holida92 City
P565 ORACLE 565 Mon12 Oct C4 1741:15  2/6 #    $/ / /$,'  1987/88 taxable income bands (ie after personal allowances have been deducted) £1 — £17,900........ 27% £17,901 — £20,400........ 40% £20,401 — £25,400........ 45% £25,401 — £33,300........ 50% £33,301 — £41,200........ 55% £41,201 or more.......... 60% --------------------------------------- Company car/fuel benefits tax Car Fuel Up to 1400cc £580 480 1400cc - 2000cc 770 600 above 2000cc 1,210 900 NB Figures taxable, not payable Inheritance Tax > Your Money index 560 Letters 566 You Write Feature Holidays City
P565 ORACLE 565 Mon12 Oct C4 1740:11  3/6 #      Inheritance Tax 1987/88 Tax Band Up to £90,000 Nil £90,001 - £140,000 30% £140,001 - £220,000 40% £220,001 - £330,000 50% Over £330,001 60% Calculation includes the value of your home, but you can mitigate the effects of the tax. Seek professional advice. Capital Gains Tax > Your Money index 560 Letters 566 You Write Feature Holidays City
P565 ORACLE 565 Mon12 Oct C4 1731:16 [#       Indexation for assets sold in August: 1982 0883 1984 January - 0.236 0.176 February - 0.231 0.171 March 0.285 0.228 0.167 April 0.260 0.211 0.152 May 0.251 0.206 0.148 June 0.247 0.203 0.145 July 0.247 0N0 7 0.146 August 0.247 0.192 0.135 Septembbq 0.247 0.186 0.133 October 0.241 0.182 0.126 November 0.235 0.178 0.123 December 0.237 0.175 0.124 Use 'hold' if required 1985-87 > Your Money index 560 Letters 566 You Write Feature Holidays City
P565 ORACLE 565 Mon12 Oct C4 1750:04  5/6 #       Indexation for assets sold in August: 1982 1983 0984 January - 0.236 0.176 February - 0.231 0.171 March 0.285 0.228 0.167 April 0.260 0.211 0.152 May 0.251 0.206 0.148 June 0.247 0.203 0.145 July 0.247 0.197 0.146 August 0.247 0.192 0.135 Septembds 0.247 0.186 0.133 October 0.241 0.182 0.126 November 0.235 0.178 0.123 December 0.237 0.175 0.124 Use 'hold' if req5hqed 1985-87 > Your Money index 560 Letters 566 You Write Feature Holidays City
P565 ORACLE 565 Mon12 Oct C4 1711:10  6/6 #    /*%/   Indexation for assets sold in August: 0985 0886  January 0 00X 0.061 0.021 February 0.111 0.057 0.017 March 0.100 0.056 0.015 April 0.077 0.045 0.003 May 0.072 0.043 0.002 June 0.070 0.044 0.002 July 0.072 0.047 0.003 August 0.069 0.044 - September 0.070 0.039 - October 0.068 0.037 - November 0.064 0.028 - December 0.063 0.025 - Use 'hold' if required more follows > Your Money index 560 Letters 566 You Write Feature Holidays City
P565 ORACLE 565 Mon12 Oct C4 1751:56  4/6 #      Capital Gains Tax You pay this tax when you sell some- thing you own at a profit — but there are some exceptions like your home and car. The 1987/88 allowance is £6,600. Married couples get one allowance between them. 'Indexation' gives you extra to counter inflation effects. Overpage are the indexation figures for assets sold in August. Find the month you bought the asset and multiply it by the original value. For example, an asset worth £5,000 in May 1982 is: 0.251 x 5,000 = £1,255. You take this off the amount you sold it for, thus reducing tax liability. > Your Money index 560 Letters 566 You Write Feature Holidays City