P636 ORACLE 636 Sat25 Apr C4 2101:11   1/8       Have you got a question or a point to make? Here are some tips to follow: * Keep your question short but include all relevant details in your letter. * Don't send an SAE - the Financial Services Act forbids personal replies. * Please give your full address in case we need more details - your l—lf and address will remain confidential. * Our address is: Your Money, ORACLE, 25-32 Marshall Street, London W1V 1LL. The week's round-up > Money guide 630 Trusts/Pensions 637 FANCY A HOLIDAY? SEE PAGE 350 Trusts Nat Savings Adverts City
P636 ORACLE 636 Sat25 Apr C4 2100:10   2/8       EXPLOSIONS COUNT AS FIRE My car was parked at the Barbican the night the IRA bomb exploded in the city. If my car had blown up would I have been covered? RR, Essex Your Money replies: Anyone covered by the basic third-party insurance - the minimum legal requirement - would not have been covered. But third party fire and theft insurance would mean you were covered. An explosion comes under the "fire" heading. more follows > Money guide 630 Trusts/Pensions 637 Trusts Nat Savings Adverts City
P636 ORACLE 636 Sat25 Apr C4 2100:10   3/8       COUPLES WAIT ANOTHER YEAR FOR SPLITS In his last Budget the Chancellor mentioned something about allowing married couples to split the married couples' allowance. Did this measure fall by the wayside when the election was called? KF, Inverness Your Money replies: Yes. It's likely to be revived in time for inclusion on tax returns next April. In the meantime, the only couples who can share the allowance - frozen at last year's £1,720 - are those who have separated or those who have never married. more follows > Your Money 630 Trusts/Pensions 637 Trusts Nat Savings Adverts City
P636 ORACLE 636 Sat25 Apr C4 2102:02   4/8       CAPITAL GAINS ON SECOND HOMES In your tax section you state Capital Gains Tax isn't payable on profit made when selling your home. Does this also apply to a second home? We've just inherited one. CC, Cornwall Your Money replies: CGT is payable on the second home but in your case the clock marking any gain starts at the date of death of the person who gave it to you. Given that house prices have been falling by about 1% a month for the last few months, you're more likely to register a capital loss than a gain! more follows > Money guide 630 Trusts/Pensions 637 Trusts Nat Savings Adverts City
P636 ORACLE 636 Sat25 Apr C4 2102:00   5/8       WHO PAYS FOR PRIZE BONDS? Where does National Savings get the money to pay out on premium bond prizes weekly and monthly? Is it from interest paid on investing money received from bond holders? FM, Devon Your Money replies: Yes, but government holds back a hefty proportion of that, only granting the prize fund interest at the measly rate of 6.5%. As more people buy bonds more interest is accrued and the prizes are increased at the lower end of the scale. more follows > Money guide 630 Trusts/Pensions 637 Trusts Nat Savings Adverts City
P636 ORACLE 636 Sat25 Apr C4 2103:01   6/8       SECOND-HAND ENDOWMENTS Where can I buy a "second-hand" endowment policy? I'm interested in buying one at an auction. SH, Leics Foster & Cranfield (071-608 1941) holds regular auctions. TIME TO TEST THE TESSA I took out a Tessa last year when I was 62. I'm now unemployed and unlikely to find another job. Should I close my Tessa seeing as I'm now entitled to gross interest anyway? Check this but you may find the Tessa gross rate is the highest you'll get. more > Your Money 630 Trusts/Pensions 637 Trusts Nat Savings Adverts City
P636 ORACLE 636 Sat25 Apr C4 2100:00   7/8       ROUGH GUIDE TO ANNUITIES In two years I shall retire and will have about £9,000 with Equitable Life for an annuity. Is there a rough rule of thumb which allows me to calculate how much additional pension I'll have? Will it be paid separately from the company pension? RJ, Wilts Your Money replies: As a rough guide you can expect around 9-10% of the fund value each year. This varies enormously depending on what you're buying. You'll get less for a widow's pension, inflation-linked and so on. It's likely to be paid separately but check this with your company. more follows > Money guide 630 Trusts/Pensions 637 Trusts Nat Savings Adverts City
P636 ORACLE 636 Sat25 Apr C4 2100:11   8/8       START TOTTING UP YOUR LOSSES I need to know the capital gains tax position regarding shares in British & Commonwealth. My tax office doesn't seem to know whether the shares have any value. SC, Isle of Wight Your Money replies: Ordinary and preference shares were granted negligible value status in 1991. Also in 1991/92, 7}% convertible subordinate unsecured loan stock 2000 were also declared worthless. start > Money guide 630 Trusts/Pensions 637 Trusts Nat Savings Adverts City