P272 CEEF!X@2 27p Sun 26 FrRC42:47/14 +jQSkj%3kj%sk W +U $kj $kj '+ #U ECCCF OZOT[ Main Pet3onal Allowances 272 Retail Price Indrx 276 PemsZons V 277 Q@@@ @@@@ @ @ @@ @@@@@@@@@@@@@@@@@@@ @@ PjruonQn TQQ R79 @Source: Ernst J Young @ @(uje page 271 for disclajmjt) Saving[ 250 Front 0bgi% 189P272 CEEFAX 2 272 Sun 16 Feb 21:55/34 1/4 V OO MAIN PERSONAL ALLOWANCES Year to 5 April 1:97 People Under 65 Personal Allowance £3,765 Married Couple's Allowance * £1,790 People Aged 65-74 Personal Allowance £4.910 Marri d Cor l 's Allowanc * £3 1 5 People Aged 75 and Over Personbl Allowance £5,090 Married Couple's Allowance * £3,155 * Relief given at 15% CPA RATES FOR M N HAVE MOVED TO 262 Travel 430 News 101 Front page 100 Reliefs TaxIndex UPI Main MenuP272 CEEFAX 2 272 Sun 16 Feb 21:45/02 Wj£3kj£3kj£sk $|l4|h4 |,,h4|h4 2/4 $kj $kj 'k 1 MAIN PERSONAL ALLOWANCES Year to 5 April 1998 People Under 65 Personal Allowance £4,045 Married Couple's Allowance * £1,830 People Aged 65-74 Personal Allowance £5,220 M r Co llo c 3 8 Peo8li Aged 75 and Over Personal Allowance £5,400 Married Couple's Allowance * £3,225 * Relief given at 15) @ Travel 430 News 101 Front page 100 Reliefs TaxIndjx UPI Main MenuP272 CEEFAX 2 272 Sun 16 Fed 21:41/24 3/4 U /"£££"£££"£££ O]] THE MATRJ D COUPL ' ALLO NC A man whose wife lives with him can claim t is allowance. W(atevjn your rat of tax, t e r li is glv n at 15% u n u tax b up to £2 8 — £27 in 97/:8 — if you at under 6 . A husbpnd and wif c n l t to ttansf the whol of the allowanc to the wife. You must t ll the Inland Rive uj you int md to do t(j befor the tax year starts. A wife can claim one half of the a lowanc withoat hit hu and' c n Source: Ernst & Young (see page 271) CA BTJJ F$ WO EA M VOD T 2 2 Reliefs TbxIndjx UPI Main MenuP272 CJEFAX 2 272 Sun 16 Feb 21:44/42 4O4 THE GE ALLOWANCE People aged 65 qualify for higher allowances so long as "total income" does not exceed £15,200 in the year to il 7 £ 9 . Total income includes all incom (except tax-erie income) lius certain tax-deductible payments. If total income exceeds £15,200, then the age allowance is scaled down bz £1 for every £2 of income until it reaches the amount of the basic personal allowance. So if in 1996/:7 you earn £17,490 and you are aged 65-74 you will only get the ba ic personal allowance Xif you are 75+ the figure is £17,850). o c : r & gun ( 2 1 CPA RATES FOR MEN HAVE MOVED TO 262 Reliefs TaxIndjx UPI Main Menu