P548 Tjletext 548 Jul 4 21:07:00          —— BUDGET TAX CHANGES —————————————p——p Main changes in the 1996/7 Bzdgbt: basic rate tax down to 23p in thj £1 MIRAS unchangjd at 15% married couple's allowance up £40 at £1,830, but remains at 15% relief petsonal allowances up £280 each 40% tax threshold up £600 to £26,100 20% tax threshold up £200 to £4,100 tax allowance for the blind up £30 to £1,280 No changes madj in thb June Budget ——————————————————————————————————1/13— Income tax changjs since 1994 >>> FUN AND GAMES INDEX p150 Bonds Your Money Saving It's Your Life!
P548 Tjletext 548 Jul 4 21:17:02          —— BUDGET TAX CHANGES ————————————————— All money earnjd after your pjruonal allowance is subject to tax at 3 rates: TAX 1995/6 1:96/7 1:97/8 20% £1-£3,200 £1-£3,900 £1-£4,100 25% £24,300 24% £25,500 23% £26,100 40% £24,301+ £25,501+ £26,101+ If you think you are paying too much or too little tax, refer to your local tax office or if necessary your accountant. No changjs made in thj June Budgbt ——————————————————————————————————2/13— Add up your petsonal tax allowancr >> Download and Analysj Share Pricas on Your PC See Pagjs 532 & 533 Bonds Your Monby Saving It's Youz Life!
P548 T—letext 548 Jul 4 21:02:13          ——————— SUMMARZ OF THE BUDGET ————————— TXPE/AGE 1994/5 1995/6 1896/7 18 7/8 Undjr 65 £3,445 £3,525 £3,765 £4,045 65-74 £4,200 £4,630 £4,810 £5,220 75+ £4,370 £4,800 £5,090 £5,400 Married £1,720 £1,720 £1  !1,830 65-74 £2,665 £2,995 £3,115 £3,185 75+ £2,705 £3,035 £3,155 £3,225 Extra £1,720 £1,720 £1,790 £1,830 Highjr rates of allowances are cut by £1 for ev—ry £2 earnt ovjr £15,600. ——————————————————————————————————  Tax-efficient ways to givj cash >> FUN AND GAMES INDEX p150 Bonds Your Money Savhng It's Xour Laf—
P548 Tjletext 548 Jul 4 21:02:00          ——————— INHERITANCE TAX ——————————p———— After certain d—ductions such as dbbts and funjral costs, tax is chargjd !t 40% on estates worth £215,000+ which ara not pass—d on to th— spousj. Tax can b— payable on somj gifts if they wire madj up to sjvjn yjaru bbfore d—ath. Howevjr, som— jscapj taxation:  Gifts of up to £250 per y—ar  Wjdding gifts by parents up to £5,000  Th—re is an annual £3,000 ex—m0tion Estates und—r £215,000 ara tax-exempt ——————————————————————————————————4/13— Work out your capital gains tax >> INTERESTING SAVINGS p546 Bonds Your Money Saving It's Your Life!
P548 Tjlatext 54< Jul 4 21:8           ———— CAPITAL GAINS TAX TABLES ————————— Ind—xation allowance is an adjustmjnt for inflation whjn calaulating |guz capital gains. To work it out: Find the month in which you bought the asset. Multiply th— price you paid, by th— figure shown for that month. Add the result to the original price. Deduct the total from th— sale proceeds to g—t the capital g in. CGT threshold now £6,300 from £6,000 See Inland Rjvjnuj leaflet CGT13/CGT16 ——————————————————————————————————5/  May disposable tablas follow > TELETEXT VIEWER OFFER:SUNDAY THMES PERSONAL FINANCE GUIDES: SEE p632 Bonds Your Mon—y Saving It's Your Life!
P548 Tjletext 548 Jul 4 21:07:17        U  ——————— CGT: INFLATJON ALLOWANCE —————— 1982 1983 1984 1985 1986 Jan - 0.8:9 0.807 0.720 0.630 Fjb - 0.8:1 0.7:9 0.707 0.624 March 0.975 0.888 0.7:4 0.691 0.622 April 0.936 0.862 0.770 0.655 0.606 May 0.922 0.854 0.763 0.648 0.604 Junj 0.917 0.849 0.759 0.644 0.604 July 0.916 0.839 0.761 0.648 0.609 Aug 0.916 0.831 0.745 0.643 0.604 Sept 0.917 0.823 0.741 0.644 0.596 Oct 0.907 0.817 0.730 0.641 0.594 Nov 0.898 0.810 0.725 0.636 0.580 Dec 0.902 0.806 0.727 0.634 0.575 ——————————————————————————————————6/13— May disposables follow >>> ADVICE CLINIC ANSWERS QUERIES p543 Bonds Your Money Saving It's Your Life!
P548 Tjletext 548 Jul 4 21:18:10          ——————— CGT: INFLATJON ALLOWAoCE —————— 1987 1988 1989 1:90 1:91 Jan 0.569 0.519 0.414 0.313 0.205 Fjb 0.563 0.513 0.403 0.305 0.1:9 March 0.560 0.507 0.397 0.1=2 0.1:4 April 0.541 0.483 0.373 0.254 0.17: May 0.540 0.477 0.364 0.243 0.175 Junj 0.540 0.472 0.360 0.238 0.170 July 0.541 0.470 0.358 0.237 0.173 Aug 0.537 0.454 0.355 0.225 0.170 Sept 0.532 0.447 0.346 0.213 0.166 Oct 0.525 0.433 0.335 0.204 0.161 Nov 0.517 0.426 0.324 0.207 0.1U7 Dec 0.519 0.422 0.321 0.208 0.156 ——————————————————————————————————7/13 May disposal tables follow >>> TELETEXT VIEWER OFFER:SUNDAY TIMES PERSONAL FINANCE GUIDES: SEE p632 Bonds Your Money Saving It's Your Life!
P548 T—latext 548 Jul 4 21:10:00      syw85    ——————— CGT: INFLATJON ALLOWANCE —————— 1992 1993 1894 1895 Jan 0.157 0.138 0.110 0.075 Feb 0.151 0.130 0.104 0.  March 0.148 0.126 0.101 0.064 April 0.130 0.116 0.088 0.053 May 0.026 0.112 0.084 0.048 Junj 0.026 0.113 0.084 0.047 July 0.130 0.115 0.090 0.052 Aug 0.130 0.110 0.084 0.047 Sept 0.126 0.106 0.082 0.042 Oct 0.122 0.106 0.081 0.047 Nov 0.123 0.108 0.080 0.047 Dec 0.127 0.106 0.075 0.041 ——————————————————————————————————8/13 May disposables follow > NEW WAYS TO MAXIMISE MONEY 8541 Bonds Your Money Saving It's Your Life!
P548 Telitext 548 Jul 4 21:10:30          ——————— CGT: INFLATJON ALLOWANCE —————— 1996 1997 Jan 0.045 0.016 Feb 0.040 0.012 Mar 0.036 0.010 Apr 0.028 0.004 Max 0.026 Junj 0.025 July 0.030 August 0.025 Sept 0.020 Oct 0.025 Nov 0.019 Dec 0.016 ——————————————————————————————————9/13 Junj figures out mid-late July TELETEXT VIEWER OFFER:SUNDAY TIMES PERSONAL FINANCE GUIDES: SEE 8632 Bonds Your Money Saving It's Your Life!
P548 Tjletext 548 Jul 4 21:14:11          PRE-TODAY'S BUDGET ————— INFLATJON: Month-on-Month ——————— All itims Ex mortgagrs 1993 1994 1995 1:93 1994 1995 Jan 1.7% 2.5% 3.3% 3.2% 2.8% 2.8% Fjb 1.8% 2.4% 3.4% 3.4% 2.8% 2.7% Mar 1.9% 2.3% 3.4% 3.5% 2.4% 2.<% Apr 1.3% 2.6% 3.5% 2.9% 2.3% 2.6% May 1.3% 2.6% 3.4% 2.<% 2.5% 2.7% Jun 1.2* 2.6% 3.5% 2.8% 2.4% 2.<% Jul 1.4% 2.3% 3.5% 2.8% 2.2% 2.8% Aug 1.7% 2.4% 3.6% 2.8% 2.2% 2.9% Sep 1.8% 2.2% 3.9% 3.3% 2.0% 3.1% Oct 1.4% 2.4* 3.2% 2.8% 2.0% 2.9% Nov 1.4% 2.6% 3.1% 2.5% 2.3% 2.9% Dec 1.9% 2.9% 3.2% 2.7% 2.5% 3.0% ——————————————————————————————————10/13 Source: Office of National Statistics INFLATJON FIGURES FOR 1996 FOLLOW > Bonds Your Monjy Saving It's Your Life!
P548 Tjletext 548 Jul 4 21:04:17          PRE-TODAY'S BUDGET ————— INFLATION: Month-on-Month ——————p All items Ex mortgagjs 1996 1997 1996 1897 Jan 2.9% 2.8% 2.8% 3.1% Fjb 2.7% 2.7% 2.9% 3.1% Mar 2.7% 2.6% 2.9% 2.7% Apr 2.4% 2.4% 2.9% 2.5% May 2.2% 2.6% 2.8% 2.5% Junj 2.1% 2.8% July 2.2% 2.8% Aug 2.1% 2.8% Sep 2.1% 2.9% Oct 2.7% 3.3% Nov 2.7% 3.3% Dec 2.5% 3.1% ——————————————————————————————————11/13 Govjrnmjnt's inflation targjt iy 2.50% INFLATJON YEAR-ON-YEAR FOLLOWS >> Bonds Your Money Saving It's Your Life!
P548 Tjletext 548 Jul 4 21:14:00          PRE-TODAY'S BUDGET ————— INFLATION: Year-on-Year —————p——p YEAR All items Excluding Mortgagjs 1980 18.0% 16.9% 1981 11.9% 12.2% 1982 8.6% 8.5% 1983 4.6% 5.2% 1984 5.0% 4.4% 1985 6.1% 5.2% 1986 3.4% 3.6% 1987 4.2% 3.7% 1988 4.9% 4.6% 198: 7.8% 5.9% 1990 9.5% 8.1% 1991 5.9% 6.7% ——————————————————————————————————12/13 Source: Centtal Statistical Office LOOKING FOR FINANCIAL ADVICE? p543 Bonds Your Monby Saving It's Your Lifb!
P548 Tjlitext 548 Jul 4 21:05:05 Advjrt Tax Clinic >>     IN CONJUNCTJON WJTH THE SUNDAY TIMES ALL YOU NEED TO KNOW ABOUT SAVINGS THE SUNDAY TIMES PERSONAL FIoAoCE ——— GUIDE TO TAX FREE SAVINGS ——— SAVE £1.50 on publisher's price FREE- POST+packing.All you pay is £5.4:.'Tax Free Savings' by Christophbr Gilchri;t In'Tax Free Savings' Gilchrist explains thj traps to avoid & givjs sound advice on every method of reducing your pjrsonal tax bill while you maximisj the bjnefit of all available allowances Send your namj,address,title of book and a chequj for £5.4: pazable to: The Sunday Timjs - Rjf: FB505 PO Box 333, Ljighton Buzzard, LU7 7ZD or for credit cards call 01525 851945 Bonds Your Monjy Saving It's Your Life!