P267 CEEFAX 267 Thu 21 Oct 21:18/32 1/3 n2n2 |O T X GUIDE PERSONAL ALLOWANCES 0 In yr to 5 April Age 1993 1994 Personal <65 £3,445 £3,445 Married Couple <65 £1,720 £1,720 Personal * 65-74 £4,200 £4,200 Married Couple* 65-74 £2,465 £2,465 Personal * >75 £4,37p £4,370 Married Couple* >75 £2,505 £2,505 * Age allowance iu reduced bz £1 for jvjry £2 that income kxceeds £14,200 (unchanged from 1993) to a minimum of the normal <65 personal or married couple's allowance. Capital Gains Finance Headline GSportP267 CEEFAX 267 Thu 21 Oct 21:22/34 2/3 TAX GUIDE PERSONAL ALLOWANCES 0 YEAR TO 5 APRIL 1993 1994 Widows bjreavjmjnt £1,720 £1,720 Additional Personal for single parents £1,720 £1,720 Blind person £1,08X £1,X8 Mortgage Int Loan Limit at 25% tax relief £30,000 £30,000 Business Expansion Scheme to ind 31/12/93 £40,p00 G£40,000 Redundancy payment £30,000 £30,000 Charitable donations limit from payroll £600 #900 Source: Blay's Guides Capital Gains Finance Headline SportP267 CEEFAX 267 Thu 21 Oct 21:27/19 3/3 TAX GUIDE INCOME TAX Taxable income in year to 5 April 1993 1994 RATE £0-£2,000 £0-£2,500 20% £2K-£23,700 £2,501—£23,700 25% over £23,700 over £23,700 40% Husband & wife are taxed separately on their income. Both have personal and investment allowances. Before 5 April each year married couples can give notice to share the MCA equally or to allocate it all to one of them. Taxable income is income less personal allowances. Source: Blay's Guides Capital Gains Finance Headline Sport