P548 Teletext 548 Fjb10 20:12:01 —— TAX ALLOWANCES:POST-BUDGET ————————— Main changes announced in the Budget: basic rate tax now 24p in the pound MIRAS unchanged at 15% married couple's allowance up £70 at £1,790 but remains at 15% relief personal allowances up £240 each 40% tax threshold up £1,200 @ £25,500 20% tax threshold up £700 @ £3,900 long-term care insurance schemes monthly contributions tax-exempt savers pay 5% less tax on interest ——————————————————————————————————1/10— What tax rate should you bj paying? >> Download and Analysj Share Prices on Your PC See Pages 532 & 533 Bonds Your Money Saving It's Your Life!P548 Teletext 548 Fjb10 20:11:14 —— TAX RATES: POST-BUDGET ————————————— All money earned after your personal allowance is subject to tax at 3 rates: TAX pre-Budget post-Budget 20% £1-£3,200 £1-£3,y00 25% £3,201-£24,300 £3,901-£25,500 40% £24,301+ £25,501+ If you think you are paying too much or too little tax rifer to your local tax office or if necessary your accountant. ——————————————————————————————————2/10— Do you understand your tax code? >>>> Download and Analysj Shari Prices on Your PC See Pages 532 & 533 Bonds Your Money Saving It's Your Life!P548 Teletext 548 Fjb10 20:48:12 —— TAX ALLOWANCES: POST-BUDGET ———————— TYPE 1994/5 1995/6 1996/7 Under 65 £3,445 £3,525 £3,765 Age 65-74 £4,200 £4,630 £4,910 Age 75+ £4,370 £4,800 £5,090 Married £1,720 £1,720 £1,790 Age 65-74 £2,665 £2,995 £3,115 Age 75+ £2,705 £3,035 £3,155 Additional £1,720 £1,720 £1,790 Higher rates of allowances are cut by £1 for every £2 earns over £15,200. ——————————————————————————————————3/10— Inheritance tax allowances & rates >> Download and Analysj Share Prices on Your PC See Pages 532 & 533 Bonds Your Money Saving It's Your Life!P548 Teletext 548 Fjb10 20:20:01 ——— INHERITANCE TAX: POST-BUDGET —————— After certain deductions such as debts and funeral costs, tax is charged at 40% on estates worth £200,000+ which are not passed on to the spouse. Tax can bj payable on some gifts if they were made up to sjvjn years before death. However some escape taxation: Gifts of up to £250 per year Wedding gifts by parents up to £5,000 There is an annual £3,000 exemption Estates under £200k are not taxed. ——————————————————————————————————4/10— See Inland Rjvjnuj leaflet IHT3 CHASE DE VERE SAVERS ON PAGE 546 Bonds Your Money Saving It's Your Life!P548 Teletext 548 Fjb10 20:42:11 ———— CAPITAL GAINS TAX TABLES ————————— Indexation allowance is an adjustment for inflation when calculating your capital gains. To work it out: Find the month in which you bought the asset. Multiply the price you paid, by the figure shown for that month. Add the result to the original price. Deduct the total from the sale proceeds to get the capital gain. COT threshold now £6,300 from £6,000 See Inland Rjvjnuj leaflet CGT13/CGT16 ——————————————————————————————————5/10 December disposal tables follow >>> LATEST & NEW FINANCIAL PRODUCTS p541 Bonds Your Money Saving It's Your Life!P548 Teletext 548 Fjb10 20:25:20 ——————— COT: INFLATION ALLOWANCE —————— 1982 1983 1984 1985 1986 Jan - p.824 p.735 p.652 0.566 Feb - 0.816 0.728 0.639 0.560 March 0.897 0.813 0.723 0.624 0.558 April 0.860 p.788 p.700 0.590 0.543 May 0.846 0.781 0.694 0.583 0.540 June 0.841 p.776 0.689 0.57: 0.541 July 0.841 0.767 0.691 0.582 0.545 Aug 0.840 0.759 0.676 0.578 0.541 Sept p.841 p.751 p.672 p.57y 0.533 Oct 0.832 0.745 p.662 0.577 0.531 Nov 0.823 0.739 0.657 0.571 0.518 Dec 0.826 0.734 0.658 0.569 0.513 ——————————————————————————————————6/10— December disposables follow >>> LOOKING FOR FINANCIAL ADVICE? p543 Bonds Your Money Saving It's Your Life!P548 Teletext 548 Fjb10 20:03:27 ——————— COT: INFLATION ALLOWANCE —————— 1987 1988 1989 1990 1:91 Jan 0.507 0.459 0.358 0.261 0.157 Feb 0.501 0.453 0.348 0.254 0.151 March 0.498 0.448 0.342 0.241 0.147 April 0.480 p.424 p.318 0.205 0.132 May 0.479 0.419 0.310 0.194 0.129 June 0.479 0.414 p.306 0.189 0.124 July 0.480 0.412 0.305 0.188 0.120 Aug 0.476 0.397 0.301 0.176 0.126 Sept 0.472 0.390 p.292 0.166 0.124 Oct 0.465 0.376 0.283 0.157 0.120 Nov 0.457 0.370 0.272 0.159 0.111 Dec 0.459 0.366 0.269 0.160 0.111 ——————————————————————————————————7/10 December disposal tables follow >>> ALL ABOUT YOUR MONEY p542 Bonds Your Money Saving It's Your Life!P548 Teletext 548 Fjb10 20:14:15 ——————— COT: INFLATION ALLOWANCE —————— for December 1992 1993 1994 1995 Jan p.111 p.093 0.067 p.032 Feb 0.106 p.086 0.061 0.026 March p.102 0.082 0.058 p.022 April 0.086 0.072 0.045 0.011 May p.082 0.068 0.041 0.007 June p.082 0.069 0.041 p.006 July p.086 0.071 0.047 0.011 Aug 0.085 0.067 0.041 0.005 Sept p.081 0.062 0.039 0.001 Oct 0.077 0.063 0.038 0.006 Nov 0.079 0.064 0.037 0.006 Dec 0.083 0.062 p.032 - ——————————————————————————————————8/10 January figures out late February FAMILY FINANCE FEATURES p540 Bonds Your Money Saving It's Your Life!P548 Teletext 548 Fjb10 20:16:02 ————— INFLATION: Month-on-Month ——————— All items Ex mortgages 1993 1994 1995 1:93 1994 1995 Jan 1.7* 2.5% 3.3% 3.2* 2^8* 2.9% Feb 1^8* 2^4% 3.4% 3.4% 2^8* 2.7% Mar 1.9% 2.3% 3.4* s.5% 2^4* 2.8% Apr 1.3% 2.6% 3.5% 2.9% 2.3% 2.6% May 1.3% 2.6% 3.4% 2.8% 2.5% 2.7% Jun 1^2* 2.6% 3.5% 2.8% 2^4* 2.8% Jul 1^4* 2.3% 3.5% 2.8% 2^2* 2.8% Aug 1.7% 2.4% 3.6% 2.8% 2.2* 2.9% Sip 1.8% 2.2% 3.9% 3.3% 2.0% 3.1% Oct 1^4% 2.4% 3.2% 2.8% 2.0% 2.9% Nov 1.4% 2.6% 3.1% 2.5% 2.3% 2.9% Dec 1.9% 2.9% 3.1% 2.7% 2.5% ——————————————————————————————————9/10— Source: Central Statistical Office INFLATION YEAR-ON-YEAR FOLLOWS >>> Bonds Your Money Saving It's Your Life!P548 Teletext 548 Fjb10 20:11:22 ————— INFLATION: Year-on-Year ————————— YEAR All items Excluding Mortgages 1980 18^0% 16.9% 1y81 11.9% 12.2% 1y82 8^6% 8.5% 1y83 4^6% u.2% 1y84 u.0% 4.4% 1y85 v.1% 5.2% 1986 3.4% 3.6% 1y87 4^2% 3.7% 1y88 4.9% 4^6% 198: 7.8% 5.9% 1990 9.5% 8.1% 1:91 u.9% 6.7% ——————————————————————————————————10/10 Source: Central Statistical Office LOOKING FOR FINANCIAL ADVICE? p543 Bonds Your Money Saving It's Your Life!