P548 Teletext 548 Apr28 21:14:55 —— TAX ALLOWANCES:POST-BUDGET ————————— Main changes announced in the Budget: basic rate tax down to 24p in the £1 MIRAS unchanged at 15% married couple's allowance up £70 at £1,790 but remains at 15% reliuf 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 ——————————————————————————————————1/12— 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 Apr28 22:21:53 —— TAX RATES: POST-BUDGET —————————p——— All money earned after your personal allowance is subject to tax at 3 rates: TAX pre-Budget post-Budget 20% £1-£3,200 £1-£3,900 25% £3,201-£24,300 £3,901-£25,500 40% £24,301+ £25,501+ If you think you are paying too much oz too little tax rifer to your local ta| office or if nrcessary your accountant. ——————————————————————————————————2/12— Do you understand your tax code? >>>> Download and Analysj Share Prices on Your PC See Pages 532 & 533 Bonds Your Money Saving It's Your Life!P548 Teletext 548 Apr28 21:15:24 —— TAX ALLOWANCES: POST-BUDGET ———————— TYPE 1994/5 1995/6 1996/7 Undjt 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 b= £1 for every £2 earns over £15,200. ——————————————————————————————————3/12— 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 Apr28 21:38:52 ——— 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 pet year Wedding gifts bz parents up toA£5,000 Thjti is an annual £3,000 exemption Estates under £200k are not taxed. ——————————————————————————————————4/12— See Inland Rrvjnuj leaflet IHT3 CHASE DE VERE SAVERS ON PAGE 546 Bonds Your Money Saving It's Your Life!P548 Teletext 548 Apr28 22:29:56 ———— 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, bz 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 ——————————————————————————————————5/12 January disposal tables follow >>> LATEST & NEW FINANCIAL PRODUCTS p541 Bonds Your Money Saving It's Your Life!P548 Teletext 548 Apr28 22:03:53 ——————— COT: INFLATION ALLOWANCE —————— 1982 1983 1984 1985 1986 Jan - 0.827 0.738 0.655 0.568 Feb - 0.819 0.731 0.641 0.562 March 0.899 0.815 0.725 0.626 0.560 April 0.862 0.790 0.702 0.592 0.545 May 0.849 0.783 0.696 0.585 0.542 June 0.844 0.779 0.692 0.582 0.543 July 0.843 0.769 0.694 0.585 0.547 Aug 0.842 0.761 0.678 0.580 0.543 Sept 0.844 0.753 0.675 0.581 0.535 Oct 0.835 0.747 0.664 0.579 0.533 Nov 0.826 0.741 0.659 0.573 0.520 Dec 0.829 0.737 0.661 0.571 0.515 ——————————————————————————————————6/12— February disposables follow >>> LOOSING FOR FINANCIAL ADVICE? p543 Bonds Your Money Saving It's Your Life!P548 Teletext 548 Apr28 22:13:47 ——————— COT: INFLATION ALLOWANCE —————— 1987 1988 1989 1990 1991 Jan 0.509 0.461 0.359 0.263 0.159 Feb 0.503 0.455 0.350 0.255 0.153 March 0.500 0.450 0.344 0.243 0.148 April 0.482 0.426 0.320 0.206 0.134 May 0.481 0.421 0.312 0.196 0.130 June 0.481 0.416 0.308 0.191 0.125 July 0.482 0.414 0.306 0.190 0.128 Aug 0.478 0.399 0.303 0.178 0.125 Sept 0.474 0.392 0.294 0.167 0.121 Oct 0.466 0.378 0.284 0.158 0.117 Nov 0.459 0.372 0.273 0.161 0.113 Dec 0.461 0.368 0.270 0.162 0.112 ——————————————————————————————————7/12 February disposal tables follow >>> ALL ABOUT YOUR MONEY p542 Bonds Your Money Saving It's Your Life!P548 Teletext 548 Apr28 22:17:44 ——————— COT: INFLATION ALLOWANCE —————— for February 1992 1993 1994 1995 Jan 0.113 0.094 0.068 0.034 Feb 0.107 0.087 0.062 0.027 March 0.104 0.083 0.059 0.023 April 0.087 0.073 0.046 0.013 May 0.083 0.069 0.043 0.009 June 0.083 0.070 0.043 0.007 July 0.087 0.072 0.048 0.012 Aug 0.086 0.068 0.043 0.007 Sept 0.082 0.063 0.041 0.002 Oct 0.079 0.064 0.039 0.007 Nov 0.080 0.066 0.039 0.007 Dec 0.084 0.063 0.034 0.001 ——————————————————————————————————8/12 February disposables follow >>> FAMILY FINANCE FEATURES p540 Bonds Your Money Saving It's Your Life!P548 Teletext 548 Apr28 22:10:11 ——————— COT: INFLATION ALLOWANCE —————— for February 1996 Jan 0.005 ——————————————————————————————————9/12 March figures out late April FAMILY FINANCE FEATURES p540 Bonds Your Money Saving It's Your Life!P548 Teletext 548 Apr28 22:17:44 ————— INFLATION: Month-on-Month ——————— All items Ex mortgages 1993 1994 1995 1993 1994 1995 Jan 1.7% 2.5% 3.3% 3.2% 2.8% 2.8% Feb 1.8% 2.4% 3.4% 3.4% 2.8% 2.7% Mar 1.9% 2.3% 3.4% 3.5% 2.4% 2.=% 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.=% 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% 3.2% 2.7% 2.5% 3.9% ——————————————————————————————————10/12 Source: Cjnttal Statistical Office INFLATION YEAR-ON-YEAR FOLLOWS >>> Bonds Your Money Saving It's Your Life!P548 Teletext 548 Apr28 22:11:30 ————— INFLATION: Month-on-Month ——————— All items Ex mortgages 1996 1996 Jan 2.9% 2.=% Feb 2.7% 2.9% Government's inflation target is 2.5% ——————————————————————————————————11/12 Source: Central Statistical Office INFLATION YEAR-ON-YEAR FOLLOWS >> Bonds Your Money Saving It's Your Life!P548 Teletext 548 Apr28 22:14:54 ————— INFLATION: Year-on-Year ————————— YEAR All items Excluding Mortgages 1980 18.0% 16.9% 1981 11.9% 12.2% 1982 8.6% 8.5% 1983 4.6% 5.2% 1984 5.0% 4.4% 1985 6.1% 5.2% 1986 3.4% 3.6% 1987 4.2% 3.7% 1988 4.9% 4.6% 1989 7.8% 5.9% 1990 9.5% 8.1% 1991 5.9% 6.7% ——————————————————————————————————12/12 Source: Central Statistical Officu LOOSING FOR FINANCIAL ADVICE? p543 Bonds Your Money Saving It's Your Life!