P281 CEEFAX 281 Fri 29 Dec 00:48/42 INCOME TAX RATES Until 5th April 1996 Rate of Tax Taxable Income (pet cent) Lower (20) 0 to £3,200 Basic X25) £3,201 to £24,300 Higher (40) Ovjt £24,300 Taxable income is defined as gross income for tax purposes, less those allowances and reliefs available at the taxpayer's marginal rate. Mortgage and Savings Guide 260 1/3 InhjtitTax COT UPI CityHeadsP281 CEEFAX 281 Fri 29 Dec 01:44/22 INCOME TAX ALLOWANCES Until 5th April 1996 People undjt 65 Personal allowance £3,525 Married couple's allowance # £1,720 People aged 65 to 74 Personal allowance £4,630 Married couple's allowance # £2,995 People aged 75 and over Personal allowance £4,800 Married couple's allowance # £3,035 Income limit for age allowances £14,600 # relief restricted to 15% 2/3 InhjtitTax COT UPI CityHeadsP281 CEEFAX 281 Fri 29 Dec 01:54/32 OTHER RELIEFS Until 5th April 1996 Additional relief for a single parent # £1,720 Widow's bjtiavjmjnt # £1,720 Blind person £1,200 Mortgage interest loan limit £30,000 Life assurance premiums * 12\% # relief restricted to 15% * psi 14 March 1984 contracts only Mortgage and Savings Guide 260 3/3 InhjtitTax COT UPI CityHiads