P548 Teletext 540 May24 16:13:08          —— TAX ALLOWANCES: from April 6 ——————— Personal allowance £3,445 Married couple's allowance £1,720 Can be split or allocated to the wife Additional personal allowance £1,720 Av—jlable to single mothers etc. Age allowance if gross income is no more than £14,200 is: AGE PERSONAL MARRIED C TPLE 65-74 £4,200 £2,665 75+ £4,370 £2,705 ——————————————————————————————————1710— What tax rate should you be p—xing? >> MONEY NEWS UPDATED MON-FRI p541 Premium Bonds Your Money Savings Index
P548 Teletext 548 May24 16:00:00          —— TAX RA$FS: from April 6 ———————————— All money earned aftdr your personal allowance is then subject to taxation at thrde rates: TAXABLE IN NLE TAX CHARGED £0-£3,000 @ 20% £3,001 - £23,700 @ 25% £23,701+ @ 40% If you think you are payhng too much or too little tax you should refer to your tax office. ——————————————————————————————————2/10— Do you understand your tax code? >>>> MONEYFACTS SAVERS SELEC HON p546 Premium Bonds Your Money Savings Index
P548 Teletext 540 May24 16:04:45          —————— TAX CODES IN YOUR PAYSLIP —————— 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 pax>pension ——————————————————————————————————3/10 Inheritance tax: what is it? >>>> MONEYFACTS SAVERS SELECTION p546 Premium Bonds Your Money Savings Index
P548 Teletext 540 May24 16:00:05          ——— INHERITANCE TAX ——————————————————— After certain deductions such as debts and funeral costs, tax is charged at 40% on any estate worth more than £150k which is not passed on to the spouse. Tax can be ——xable 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. ——————————————————————————————————4/10— See Inland Revenue leaflet IHT3 MONEYFACTS SAVERS SELECTION p546 Premium Bonds Your Money Savings Index
P548 Teletext 548 May24 16:01:21          ———— 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 gain. See Inland Revenue leaflet CG 02/CGT16 ——————————————————————————————————5'10 April disposal tables follow >>> LATEST & NEW FINANCIAL PRODUCTS p541 Premium Bonds Your Money Savings Index
P548 Teletext 540 May24 16:01:10          ——————— CGT: INFLATION ALLOWANCE —————— 1982 1983 1984 0 8  1986 Jan - 0.746 0.660 0.581 0.498 Feb - 0.738 0.654 0.568 0.493 March 0.815 0.735 0.648 0.554 0.491 April 0.779 0.711 0.627 0.521 0.476 May 0.767 0.704 0.621 0.515 0.474 June 0.762 0.700 0.617 0.511 0.475 July 0.761 0.691 0.618 0.514 0.479 Aug 0.761 0.683 0.603 0.510 0.474 Sept 0.762 0.676 0.600 0.511 0.467 Oct 0.753 0.670 0.590 0.509 0.465 Nov 0.744 0.664 0.585 0.503 0.452 Dec 0.748 0.659 0.587 0.501 0.448 ——————————————————————————————————6/10— April disposal tables follow >>> LOOKING FOR FINANCIAL ADVICE? p543 Premium Bonds Your Money Savings Index
P548 Teletext 548 May24 16:00:10          ——————— CGT8 INFLA HON ALLOWANCE —————— 1987 1988 1989 1990 1991 Jan 0.442 0.396 0.299 0.207 0.108 Feb 0.436 0.391 0.290 0.200 0.102 March 0.433 0.385 0.284 0.188 0.097 April 0.417 0.363 0.262 0.153 0.083 May 0. P 0.143 0.080 June 0. Z 0.138 0.075 July 0.417 0.351 0.248 0.137 0.078 Aug 0.412 0.336 0.245 0.126 0.075 Sept 0.408 0.330 0.237 0.115 0.071 Oct 0.401 0.317 0.227 0.107 0.067 Nov 0.395 0.311 0.206 0.109 0.063 Dec 0.396 0.307 0.214 0.110 0.063 ——————————————————————————————————7/10 April disposal tables follow >>> NEED SOME HELP? SEE ADVICE LINE p543 Premium Bonds Your Money Savings Index
P548 Teletext 548 May24 16:02:10           ——————— CGT: INFLATION ALLO ANCE —————— 1992 1993 1994 Jan 0.063 0.046 0.021 Feb 0.058 0.039 0.015 March 0.055 0.035 0.012 April 0.039 0.026 - May 0.035 0.022 June 0.035 0.023 July 0.039 0.025 Aug 0.038 0.021 Sept 0.034 0.016 Oct 0.031 0.017 Nov 0.032 0.018 Dec 0.036 0.016 ——————————————————————————————————8/10 Tables are updated on or around 20th FINANCIAL QUERY? WR@$B TO US p543 Premium Bonds Your Money Savings Index
P548 Teletext 548 May24 16:02:00          ————— INFLATION: Month-on-Month ——————— All items Excluding Mortg—fds 1992 1993 1994 1992 1993 1994 Apr 4.3% 1.3% 5.7% 2.9% May 4.3% 1.3% 5.3% 2.8% Jun 3.9% 1.2% 4.8% 2.8% Jul 3.7% 1.4% 4.4% 2.8% Aug 3.6% 1.7% 4.2% 3.1% Sep 3.6% 1.8% 4.0% 3.3% Oct 3.6% 1.4% 3.8% 2.8% Nov 3.0% 1.4% 3.6% 2.5% Dec 2.6% 1.9% 3.7% 2.7% @—n 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% ——————————————————————————————————9/10— Source: Central Statistical Office INFLATION YEAR-ON-YEAR FOLLOWS >>> Premium Bonds Your Money Savings Index
P548 Teletext 540 May24 16:03:01          ————— INFLATION: Year-on-Year ————————— YEAR All items Excluding Mortgages 1980 18.0% 16.9% 1981 11.9% 12.2% 1982 8.6% 8.5% 19  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% 1989 7.8% 5.9% 1990 9.5% 8.1% 1991 5.9% 6.7% ——————————————————————————————————10/10 Source: Central Statistical Office LOOKING FOR FINANCIAL ADVICE? p543 Premium Bonds Your Money Savings Index