P548 Teletext 540 Dec10 22:20:59       V   —— TAX RATES: from April 6 ———————————— All money earned after your personal allowance is then subject to taxation at three rates: TAXABLE INCOME TAX CHARGED £0-£3,000 @ 20% £3,001 - £23,700 @ 25% £23,701+ @ 40% If you think you are paying too much oe too little tax you should refer to your tax office. ——————————————————————————————————3/11— Do you understand your tax code? >>>> DOWNLOAD SHARES ON YOUR PC p532.233 Prem Bonds Your Money Savings TV Plus
P548 Teletext 540 Dec10 22:21:16          —————— TAX CODES IN YOUR PAYSLIP —A———— The numbers show the allowance figure, the letter shows the type of allowance. L personal allowance for under 65s H includes the above, and married or additional personal allowance P personal allowance for ages 65-74 V includes above & married allowance T covers all other cases BR pay is being taxed at basic rate D pay is being taxed at higher rate K pension totals more than allowance NT no tax is taken from ——p/pension ——————————————————————————————————4/11 Inheritance tax: what is it? >>>> CHASE DE VERE SAVERS ON PAGE 546 Prem Bonds Your Money Savings TV Plus
P548 Teletext 540 Dec10 22:21:33         ^ ——— INHERITANCE TA ——————————————————— After certain deductions such as debts and funeral costs, tax is charged at 40% on any estate worth more than £150k which is not —bssed on to the spoucf. Tax can be payable on some gifts if they were made up to seven years before death. However some escape taxation:  Gifts of up to £250 per year  Wedding gifts by parents up to £5,000  There is an annual £3,000 exemption Estates under £150k are not taxed. ——————————————————————————————————5/11— See Inland Revense leaflet IHT3 CHASE DE VERE SAVERS ON PAGE 546 Prem Bonds Your Money Savings TV Plus
P548 Teletext 548 Dec10 22:21:51        V  ———— CAPITAL GAINS TAX TABLES ————————— Indexation allowance is an adjustment for inflation when calculating your capital gains. To work it out: Find the month in which you bought the asset. Multiply the price you paid, by the figure shown for that month. Add the result to the original price. Deduct the total from the sale proceeds to get the capital f—Hn. See Inland Revenue leaflet CGT13/CGT16 ——————————————————————————————————6/11 October disposal tables follow >>> LATEST & NEW FINANCIAL PRODUCTS p541 Prem Bonds Your Money Savings TV Plus
P548 Teletext 548 Dec10 22:22:09  V        ——————— CGT: INFLATION ALLOWANCE —————— 1982 1983 1984 1985 1986 Jan - 0.758 0.672 0.592 0.509 Feb - 0.750 0.665 0.579 0.5—3 March 0.828 0.747 0.660 0.565 0.501 April 0.792 0.723 0.638 0.532 0 487 May 0.779 0.716 0.632 0.525 0.484 June 0.774 0.711 0.628 0.522 0.4p6 July p.773 0.702 0.630 0.525 0.489 Aug 0.773 0.695 0.614 0.521 0.484 Sept 0.774 0.687 0.511 0.521 0.477 Oct 0.765 0.681 0.601 0.519 0.475 Nov 0.757 0.675 0.596 0.514 0.462 Dec 0.760 0.671 0.598 0.512 0.458 ——————————————————————————————————7/ 1— September disposables follow >>> LOOKING FOR FINANCIAL ADVICE? p543 Prem Bonds Your Money Savings TV Plus
P548 Teletext 540 Dec10 22:22:26          ——————— CGT: INFLATION ALLOWANCE —————— 1987 1988 1989 1q90 1991 Jan 0.452 0.406 0.308 0.215 0.115 Feb 0.446 p.400 0.299 0.208 0.109 March 0.443 0.395 0.293 0.1y6 0.105 April 0.426 0.372 0.270 0.161 0.091 May 0.425 0.367 p.263 0.151 0.p18 June 0.425 0.362 0.258 0.146 0.083 July 0.426 0.361 0.257 0.145 0.085 Aug 0.422 0.346 0.254 0.133 0.083 Sept 0.418 0.339 0.245 0.123 0.079 Oct 0.411 0.326 0.236 0.114 0.075 Nov 0.404 0.320 0.225 0.117 0.071 Dec 0.406 0.316 0.222 0.118 0.070 ——————————————————————————————————8/11 October disposal tables follow >>> NEED SOME HELP? SEE ADVICE LINE p543 Prem Bonds Your Money Savings TV Plus
P548 Teletext 548 Dec10 22:22:44         ^ ——————— CGT: INFLATION ALLO'BNCE —————— 1992 1993 1994 Jan 0.071 0.053 0.028 Feb 0.065 0.046 0.022 March 0.062 0.042 0.019 April 0.046 0.033 0.007 May 0.042 p.029 0.007 June 0.042 0.030 0.003 July 0.046 0.032 0.008 Aug 0.045 0.028 p.003 Sept 0.042 0.023 0.001 Oct 0.038 0.024 - Nov 0.039 0.025 Dec 0.043 0.023 ——————————————————————————————————9/1 November figures expected Dec 20 approx MONEY NEWS UPDATED MON-FRI p541 Prem Bonds Your Money Savings TV Plus
P548 Teletext 548 Dec10 22:23:02         ^ ————— INFLATION: Month-on-Month ——————— All items Exc Mortgages 1992 1993 1994 1992 1993 1994 Jul 3.7% 1.4% 2.3% 4.4% 2.8% 2.2% Aug 3.6% 1.7% 2.4% 4.2% s.1% 2.3% Sep 3.6% 1.8% 2.2% 4.0% 3.3% 2.0% Oct 3.6% 1.4% 2.4% 3.8% 2.8% 2.0% Nov 3.0% 1.4% 3.6% 2.5% Dec 2.6% 1.9% 3.7% 2.7% Jan 4.1% 1.7% 2.5% 5.6% 3.2% 2.8% Feb 4.1% 1.8% 2.4% 5.6% 3.4% 2.8% Mar 4.0% 1.9% 2.3% 5.7% 3.5% 2.4% Apr 4.3% 1.3% 2.6% 5.7% 2.9% 2.3% May 4.3% 1.3% 2.6% 5.3% 2.8% 2.5% Jun 3.9% 1.2% 2.6% 4.8% 2.8% 2.4% ——————————————————————————————————10/11 Source: Central Statistical Office INFLATION YEAR-ON-YEAR FOLLOWS >>> Prem Bonds Your Money Savings TV Plus