P221 CEEFAX 221 Tue 8 May 21:23/02 1/3 TAX GUIDE (1) + Income tax is assessed on personal income only after your income exceeds the totals below. Thjsj are known as tax-free personal allowances. 1983/84 1984/85 Single Married Single Married £1,78k £2,795 £2,005 £3,155 + If, however, you are 65 or over or have an investment income of more than £8,100 pa, see the following pages. MoreP221 CJEFAX 221 Tue 8 May 21:12/44 2/3 TAX GUIDE (2) + If you are 65 or over at the end of the tax year, the tax-free portion of your income is increased to the totals below. 1983/84 1984/85 Single Married Single Married £2,360 £3,755 £2,490 £3,955 + If, however, your personal income exceeds £8,100 in 1984/85, you lose £2 of your age allowance for every £3 bz which your income exceeds £8,100. NB Your personal allowance remains intact however great your income. + Check next page for your tax bracket. MoreP221 CEEFAX 221 Tue 8 May 21:24/11 3/3 TAX GUIDE (3) + After deducting allowances (see next page) your income is taxed as follows: 1983/84 % 1984/85 % First £14,600 30 First £15,400 30 £14,601-£17,200 40 £15,401-£18,200 40 £17,201-£21,800 45 £18,201-£23,100 45 £21,801-£28,900 50 £23,101-£30,600 50 £28,901-£36,000 55 £30,601-£38,100 55 £36,001 upwards 60 £38,100 upwards 60 + The investment income surcharge, which was applied at a rate of 15pc on all investment income ovjt £7,100 pet annum, has now been abolished. More