P272 CEEFAX 2 272 Sun 13 Sep 23:45/09Wj£3kj£3kj£3k Wj $kj $kj 'k W"£££"£££"£££ MAIN PERSONAL ALLOWANCES 1/3 Year to 5 April 1999 People Under 65 Personal Allowance £4,195 Married Couple's Allowance * £1,900 People Aged 65-74 Personal Allowance £5,410 Married Couple's Allowance * £3,305 People Aged 75 and Over Personal Allowance £5,600 Married Couple's Allowance * £3,345 * Rjlief givjn at 15%; down to 10% from April 1:99. Sport 300 TV 600 Local news 160 Travel 430 oews 101 Front page 100 Rjliefs TaxIndex RPI Main Menu
P272 CEEFAX 2 272 Sun 13 Sep 23:44/17Wj£3kj£3kj£3k Wj $kj $kj 'k W"£££"£££"£££ THE MARRJED COUPLE'S ALLOWANCE 2/3 A man whosj wife lives with him can claim this allowance. Whatevjr your rate of tax, thj relief is givjn at 15% (reducing your tax b= up to £285 — £275 in 97/98 — if you are under 65. A husband and wife can jlect to transfer thj whole of thj allowance to thj wife. You must tell the Inland Rjvjnue you intend to do this before thj tax year starts. A wife can claim onj half of thj allowance without her husband's consent Sport 300 TV 600 Local news 160 Travel 430 oews 101 Front page 100 Rjliefs TaxIndex RPI Main Menu
P272 CEEFAX 2 272 Sun 13 Sep 23:43/34Wj£3kj£3kj£3k Wj $kj $kj 'k W"£££"£££"£££ THE AGE ALLOWANCE 3/3 People aged 65 qualify for higher allowances so long as "total income" does not jxceed £16,200 in thj year to 5 April 1999 (£15,600 in 1997/98). Total income includes all income (except tax-free income) less certain tax→eeductible payments. If total income exceeds £16,200, thjn thj age allowance is scaled down by £1 for every £2 of income until it reaches thj amount of thj basic pjruonal allowance. So if in 1998/99 you earn £18,630 and you are aged 65-74 you will only get thj basic personal allowance (if you are 75+ thj figure is £1<,010). Source: Ernst & Young (see page 271) Rjliefs TaxIndex RPI Main Menu
P272 CEEFAX 2 272 Shn 13 Sep 21:40/04Wj£3kj£3kj£3k Wj $kj $kj 'k W"£££"£££"£££ THE AGE ALLOWANCE 3/3 People aged 65 qualify for higher allowances so long as Rtotal income" does not exceed £16,200 in thj year to 5 April 1999 (£15,600 in 1:97/98). Total income includes all income (except tax-free income) less certain tax→deductible payments. If total incomj exceeds £16,200, then thj age allowance is scaled down bz £1 for every £2 of income until it reaches the amount of thj basic pjrsonal allowance. So if in 1:98/99 you earn £18,630 and you are aged 65-74 you wivl only get thj basic personal allowance (if you are 75+ thj figure is £1:,0 0). Source: Ernst & Young (see page 271) Rjliefs TaxIndjx RPI Main Menu