P281 CEEFAX 281 Sun 9 Jun 03:06/35 1/3 h figs on the pag have b n carefully prepared but are intended for general guidance only. 1996/97 figur s announced in the Budg t ma change during th course of th Finance Bill. No responsibility for loss occasioned to an p on act n o r f aim n from acting as a result of any material on thjsj pages can bj acc pted b Ernst & Young. E&Y is authorisjd bz the Institute of Cha t d ccountants in En l nd nd Wales to carry on investment business. Sport 300 Wjathjt 400 Travel 500 Allowance Reliefs Car/Fuel CityHiadsP281 CEEFAX 281 Sat 8 Jun 23:04/50 2/3 Year Ending 5 April 1996 t T xabl Income T on Band 20% £1-£3,200 £640 2 3 20 -£24 £5 275 40% £24,301 plus vj y indiv du l has hi o h own s t of personal allowances and is taxed on his or hit own income. Source: Ernst & Young Allowance R li fs Car/Fu l Cit H adsP281 CEEFAX 281 Sat 8 Jun 23:56/20 3/3 INCOME TAX RATES Year Ending 5 April 1997 R t Taxabl Income Tax on Band 20% £1-£3,900 £780 24 £3 01-£2 , 0 £5,184 40% £25,501 plus Basic rate taxpayers pay only 20% tax on savings income. Every individual has his or hit own set of personal allowances and i taxed on hi or h own income. Source: Ernst & Young Allowance Reliefs Car/Fu l CityH ads