P267 CJJFAX 267 Thu 4 Nov 21:11/44 1/3 TAX GUIDE I PERSONAL ALLOWBNCES 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 £4,370 £4,370 Married Couple* >75 £2,505 £2,505 * Age allowance is reduced bz £1 for every £2 that income kxceeds £14,200 (unchanged from 1993) to a minimum of the normal <65 personal or married couple'u allowance. Capital Gains Finance Headline SpoutP267 CEEFAX 267 Thu 4 Nov 21:11/27 2/3 O TAX GUIDE PERSONAL ALLOWBNCES YEB5 T kaAPRJL 1:93 1994 Widows bereavjmknt £1,720 £1,7 0 Additional Personal for single parents £1,720 £1,720 Blind person £1,080 £1,080 Mortgage Int Loan Limit at 25% tax relief £30,000 £30,X00 Business Expansion Scheme to ind 31/12/:3 £40,000 £40,X00 Redundancy payment £30,000 £30,000 Charitable donbtions limit from payroll £600 #900 Source: Blay's Guides Capital Gains Finance Headline SpoutP267 CEEFAX 267 Thu 4 Nov 21:19/11 ] 3/3 T—X GUIDE II INCOME TAX Taxable income in year to 5 April 1993 1994 RATE £0-£2,p00 £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 Spout