{"id":174,"date":"2016-06-17T07:20:00","date_gmt":"2016-06-17T06:20:00","guid":{"rendered":"https:\/\/www.thetrainingplace.org\/blog\/2016\/06\/17\/personal-tax-part-2\/"},"modified":"2016-06-17T07:20:00","modified_gmt":"2016-06-17T06:20:00","slug":"personal-tax-part-2","status":"publish","type":"post","link":"https:\/\/www.thetrainingplace.org\/blog\/2016\/06\/personal-tax-part-2\/","title":{"rendered":"PERSONAL TAX PART 2"},"content":{"rendered":"<div>\n<\/div>\n<div>\n<\/div>\n<ul><a href=\"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEgYDdCuRdCwBSECk3hRiuJ4rS6tPJlZIvSv6BLggtXOeOJJX16POUcCmfJ0NvAcDKsJz_EoVchr2biU9bGJhZpoEVbVFC6JxU4Zx6iOKJ9REcoeDZSVxoGNgL_kRDgk4BL5VdVcLqwjPLY\/s1600\/IMAGE+27.jpg\" style=\"clear: right; float: right; margin-bottom: 1em; margin-left: 1em;\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" height=\"158\" src=\"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEgYDdCuRdCwBSECk3hRiuJ4rS6tPJlZIvSv6BLggtXOeOJJX16POUcCmfJ0NvAcDKsJz_EoVchr2biU9bGJhZpoEVbVFC6JxU4Zx6iOKJ9REcoeDZSVxoGNgL_kRDgk4BL5VdVcLqwjPLY\/s200\/IMAGE+27.jpg\" width=\"200\" \/><\/a><\/p>\n<li style=\"text-align: left;\"><span style=\"font-family: &quot;arial&quot; , sans-serif; font-size: 12pt;\">Basic<br \/>\nRate bracket will now be extended to: \u00a331,785 + (\u00a3960\/ 0.8) = \u00a332,985<\/span><\/li>\n<li style=\"text-align: left;\"><span style=\"font-family: &quot;arial&quot; , sans-serif; font-size: 12pt;\">Interest<br \/>\nfrom ISA\u2019s are not taxed<\/span><\/li>\n<li style=\"text-align: left;\"><span style=\"font-family: &quot;arial&quot; , sans-serif; font-size: 12pt;\">Interest<br \/>\nand dividends received will need to be grossed up<\/span><\/li>\n<li style=\"text-align: left;\"><span style=\"font-family: &quot;arial&quot; , sans-serif; font-size: 12pt;\">Thomas<br \/>\nwill be entitled to the full personal allowance of \u00a310,600, since his taxable<br \/>\nincome is less than \u00a3100,000<\/span><\/li>\n<\/ul>\n<p><\/p>\n<div>\n<\/div>\n<table border=\"1\" cellpadding=\"0\" cellspacing=\"0\" style=\"border-collapse: collapse; border: none; margin-left: 20.15pt; mso-border-alt: solid windowtext .5pt; mso-border-insideh: .5pt solid windowtext; mso-border-insidev: .5pt solid windowtext; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;\">\n<tbody>\n<tr style=\"height: 23.15pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;\">\n<td style=\"background: #F2F2F2; border: solid windowtext 1.0pt; height: 23.15pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.7pt;\" valign=\"top\" width=\"146\">\n<div>\n<\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-left: none; border: solid windowtext 1.0pt; height: 23.15pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 55.5pt;\" valign=\"top\" width=\"74\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Totals<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-left: none; border: solid windowtext 1.0pt; height: 23.15pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 69.5pt;\" valign=\"top\" width=\"93\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Non-Investment<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-left: none; border: solid windowtext 1.0pt; height: 23.15pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 61.05pt;\" valign=\"top\" width=\"81\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Savings<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-left: none; border: solid windowtext 1.0pt; height: 23.15pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.5pt;\" valign=\"top\" width=\"85\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Dividends<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-left: none; border: solid windowtext 1.0pt; height: 23.15pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 52.9pt;\" valign=\"top\" width=\"71\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Capital Gains<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 11.55pt; mso-yfti-irow: 1;\">\n<td style=\"background: #F2F2F2; border-top: none; border: solid windowtext 1.0pt; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.7pt;\" valign=\"top\" width=\"146\">\n<div>\n<\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 55.5pt;\" valign=\"top\" width=\"74\">\n<div align=\"center\" style=\"margin-bottom: 0.0001pt; text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">\u00a3<\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 69.5pt;\" valign=\"top\" width=\"93\">\n<div align=\"center\" style=\"margin-bottom: 0.0001pt; text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">\u00a3<\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 61.05pt;\" valign=\"top\" width=\"81\">\n<div align=\"center\" style=\"margin-bottom: 0.0001pt; text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">\u00a3<\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.5pt;\" valign=\"top\" width=\"85\">\n<div align=\"center\" style=\"margin-bottom: 0.0001pt; text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">\u00a3<\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 52.9pt;\" valign=\"top\" width=\"71\">\n<div align=\"center\" style=\"margin-bottom: 0.0001pt; text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">\u00a3<\/span><\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 11.55pt; mso-yfti-irow: 2;\">\n<td style=\"background: #F2F2F2; border-top: none; border: solid windowtext 1.0pt; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.7pt;\" valign=\"top\" width=\"146\">\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Employment<br \/>\n  income<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 55.5pt;\" valign=\"top\" width=\"74\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">43,000<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 69.5pt;\" valign=\"top\" width=\"93\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">43,000<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 61.05pt;\" valign=\"top\" width=\"81\">\n<div align=\"center\" style=\"text-align: center;\">\n<\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.5pt;\" valign=\"top\" width=\"85\">\n<div align=\"center\" style=\"text-align: center;\">\n<\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 52.9pt;\" valign=\"top\" width=\"71\">\n<div align=\"center\" style=\"text-align: center;\">\n<\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 11.55pt; mso-yfti-irow: 3;\">\n<td style=\"background: #F2F2F2; border-top: none; border: solid windowtext 1.0pt; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.7pt;\" valign=\"top\" width=\"146\">\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Interest<br \/>\n  <i>(\u00a31900\/0.8)<\/i><o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 55.5pt;\" valign=\"top\" width=\"74\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">&nbsp; 2,375<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 69.5pt;\" valign=\"top\" width=\"93\">\n<div align=\"center\" style=\"text-align: center;\">\n<\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 61.05pt;\" valign=\"top\" width=\"81\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">2,375<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.5pt;\" valign=\"top\" width=\"85\">\n<div align=\"center\" style=\"text-align: center;\">\n<\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 52.9pt;\" valign=\"top\" width=\"71\">\n<div align=\"center\" style=\"text-align: center;\">\n<\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 11.55pt; mso-yfti-irow: 4;\">\n<td style=\"background: #F2F2F2; border-top: none; border: solid windowtext 1.0pt; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.7pt;\" valign=\"top\" width=\"146\">\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Dividends<br \/>\n  <i>(\u00a31683\/0.9)<\/i><o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 55.5pt;\" valign=\"top\" width=\"74\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">&nbsp; 1,870<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 69.5pt;\" valign=\"top\" width=\"93\">\n<div align=\"center\" style=\"text-align: center;\">\n<\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 61.05pt;\" valign=\"top\" width=\"81\">\n<div align=\"center\" style=\"text-align: center;\">\n<\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.5pt;\" valign=\"top\" width=\"85\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">1,870<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 52.9pt;\" valign=\"top\" width=\"71\">\n<div align=\"center\" style=\"text-align: center;\">\n<\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 11.55pt; mso-yfti-irow: 5;\">\n<td style=\"background: #F2F2F2; border-top: none; border: solid windowtext 1.0pt; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.7pt;\" valign=\"top\" width=\"146\">\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Capital<br \/>\n  gains<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 55.5pt;\" valign=\"top\" width=\"74\">\n<div align=\"center\" style=\"text-align: center;\">\n<u><span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">20,100<o:p><\/o:p><\/span><\/u><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 69.5pt;\" valign=\"top\" width=\"93\">\n<div align=\"center\" style=\"text-align: center;\">\n<\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 61.05pt;\" valign=\"top\" width=\"81\">\n<div align=\"center\" style=\"text-align: center;\">\n<\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.5pt;\" valign=\"top\" width=\"85\">\n<div align=\"center\" style=\"text-align: center;\">\n<\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 52.9pt;\" valign=\"top\" width=\"71\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">20,100<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 11.55pt; mso-yfti-irow: 6;\">\n<td style=\"background: #F2F2F2; border-top: none; border: solid windowtext 1.0pt; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.7pt;\" valign=\"top\" width=\"146\">\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Total<br \/>\n  income<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 55.5pt;\" valign=\"top\" width=\"74\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">67,345<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 69.5pt;\" valign=\"top\" width=\"93\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">43,000<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 61.05pt;\" valign=\"top\" width=\"81\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">2,375<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.5pt;\" valign=\"top\" width=\"85\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">1,870<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 52.9pt;\" valign=\"top\" width=\"71\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">20,100<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 11.55pt; mso-yfti-irow: 7;\">\n<td style=\"background: #F2F2F2; border-top: none; border: solid windowtext 1.0pt; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.7pt;\" valign=\"top\" width=\"146\">\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Personal<br \/>\n  Allowance<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 55.5pt;\" valign=\"top\" width=\"74\">\n<div align=\"center\" style=\"text-align: center;\">\n<u><span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">(10,600)<o:p><\/o:p><\/span><\/u><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 69.5pt;\" valign=\"top\" width=\"93\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">(10,600)<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 61.05pt;\" valign=\"top\" width=\"81\">\n<div align=\"center\" style=\"text-align: center;\">\n<\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.5pt;\" valign=\"top\" width=\"85\">\n<div align=\"center\" style=\"text-align: center;\">\n<\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 52.9pt;\" valign=\"top\" width=\"71\">\n<div align=\"center\" style=\"text-align: center;\">\n<\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 11.55pt; mso-yfti-irow: 8; mso-yfti-lastrow: yes;\">\n<td style=\"background: #F2F2F2; border-top: none; border: solid windowtext 1.0pt; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.7pt;\" valign=\"top\" width=\"146\">\n<div>\n<b><span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Taxable income<o:p><\/o:p><\/span><\/b><\/div>\n<\/td>\n<td style=\"background: #B2A1C7; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 55.5pt;\" valign=\"top\" width=\"74\">\n<div align=\"center\" style=\"text-align: center;\">\n<b><u><span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">56,745<o:p><\/o:p><\/span><\/u><\/b><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 69.5pt;\" valign=\"top\" width=\"93\">\n<div align=\"center\" style=\"text-align: center;\">\n<b><span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">32,400<o:p><\/o:p><\/span><\/b><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 61.05pt;\" valign=\"top\" width=\"81\">\n<div align=\"center\" style=\"text-align: center;\">\n<b><span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">2,375<o:p><\/o:p><\/span><\/b><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.5pt;\" valign=\"top\" width=\"85\">\n<div align=\"center\" style=\"text-align: center;\">\n<b><span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">1,870<o:p><\/o:p><\/span><\/b><\/div>\n<\/td>\n<td style=\"background: #F2F2F2; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 52.9pt;\" valign=\"top\" width=\"71\">\n<div align=\"center\" style=\"text-align: center;\">\n<b><span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">20,100<o:p><\/o:p><\/span><\/b><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div>\n<\/div>\n<div>\n<\/div>\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">This<br \/>\nabove table implies that the first item to be taxed will be \u00a332,400 and then<br \/>\nthe next \u00a3585 from savings income will be taxed at 20% to make up the extended<br \/>\nbasic rate bracket (remember the basic rate has been extended from \u00a331,785 to<br \/>\n\u00a332,985 due to the gift aid donations). The rest of the taxable income will be<br \/>\ntaxed at the applicable higher rate based on the type of income.<o:p><\/o:p><\/span><\/div>\n<div>\n<\/div>\n<div>\n<\/div>\n<div>\n<b><u><span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Tax liability<br \/>\ncomputation:<o:p><\/o:p><\/span><\/u><\/b><\/div>\n<div>\n<\/div>\n<div>\n<\/div>\n<table border=\"1\" cellpadding=\"0\" cellspacing=\"0\" style=\"background: #F2F2F2; border-collapse: collapse; border: none; margin-left: 22.5pt; mso-border-alt: solid windowtext .5pt; mso-border-insideh: .5pt solid windowtext; mso-border-insidev: .5pt solid windowtext; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;\">\n<tbody>\n<tr style=\"height: 13.25pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;\">\n<td style=\"border: solid windowtext 1.0pt; height: 13.25pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 176.55pt;\" valign=\"top\" width=\"235\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-left: none; border: solid windowtext 1.0pt; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 54.8pt;\" valign=\"top\" width=\"73\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">\u00a3<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-left: none; border: solid windowtext 1.0pt; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 91.35pt;\" valign=\"top\" width=\"122\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-left: none; border: solid windowtext 1.0pt; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 69.4pt;\" valign=\"top\" width=\"93\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">\u00a3<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 13.25pt; mso-yfti-irow: 1;\">\n<td style=\"border-top: none; border: solid windowtext 1.0pt; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 176.55pt;\" valign=\"top\" width=\"235\">\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Taxable<br \/>\n  employment income<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 54.8pt;\" valign=\"top\" width=\"73\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">32,400<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 91.35pt;\" valign=\"top\" width=\"122\">\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">\u00a332,400<br \/>\n  @ 20%<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 69.4pt;\" valign=\"top\" width=\"93\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">6,480.00<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 13.25pt; mso-yfti-irow: 2;\">\n<td style=\"border-top: none; border: solid windowtext 1.0pt; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 176.55pt;\" valign=\"top\" width=\"235\">\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Interest<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 54.8pt;\" valign=\"top\" width=\"73\">\n<div align=\"center\" style=\"text-align: center;\">\n<u><span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">&nbsp;&nbsp;&nbsp; 585<o:p><\/o:p><\/span><\/u><\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 91.35pt;\" valign=\"top\" width=\"122\">\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">\u00a3585<br \/>\n  @ 20%<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 69.4pt;\" valign=\"top\" width=\"93\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">&nbsp;&nbsp; 117.00<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 13.25pt; mso-yfti-irow: 3;\">\n<td style=\"border-top: none; border: solid windowtext 1.0pt; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 176.55pt;\" valign=\"top\" width=\"235\">\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Sub-total<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 54.8pt;\" valign=\"top\" width=\"73\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">32,985<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 91.35pt;\" valign=\"top\" width=\"122\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 69.4pt;\" valign=\"top\" width=\"93\">\n<div align=\"center\" style=\"text-align: center;\">\n<\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 13.25pt; mso-yfti-irow: 4;\">\n<td style=\"border-top: none; border: solid windowtext 1.0pt; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 176.55pt;\" valign=\"top\" width=\"235\">\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Interest<br \/>\n  <i>(\u00a32,375-\u00a3585)<\/i><o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 54.8pt;\" valign=\"top\" width=\"73\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">&nbsp; 1,790<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 91.35pt;\" valign=\"top\" width=\"122\">\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">\u00a31,790<br \/>\n  @ 40%<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 69.4pt;\" valign=\"top\" width=\"93\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">&nbsp;&nbsp; 716.00<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 13.25pt; mso-yfti-irow: 5;\">\n<td style=\"border-top: none; border: solid windowtext 1.0pt; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 176.55pt;\" valign=\"top\" width=\"235\">\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Dividends<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 54.8pt;\" valign=\"top\" width=\"73\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">&nbsp; 1,870<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 91.35pt;\" valign=\"top\" width=\"122\">\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">1,870<br \/>\n  @ 32.5%<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 69.4pt;\" valign=\"top\" width=\"93\">\n<div align=\"center\" style=\"text-align: center;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">&nbsp;&nbsp; 607.75<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 13.25pt; mso-yfti-irow: 6;\">\n<td style=\"border-top: none; border: solid windowtext 1.0pt; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 176.55pt;\" valign=\"top\" width=\"235\">\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Capital<br \/>\n  gains tax<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 54.8pt;\" valign=\"top\" width=\"73\">\n<div align=\"center\" style=\"text-align: center;\">\n<u><span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">20,100<o:p><\/o:p><\/span><\/u><\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 91.35pt;\" valign=\"top\" width=\"122\">\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">\u00a320,100<br \/>\n  @ 28%<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 69.4pt;\" valign=\"top\" width=\"93\">\n<div align=\"center\" style=\"text-align: center;\">\n<u><span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">5,628.00<o:p><\/o:p><\/span><\/u><\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 13.25pt; mso-yfti-irow: 7;\">\n<td style=\"border-top: none; border: solid windowtext 1.0pt; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 176.55pt;\" valign=\"top\" width=\"235\">\n<div>\n<b><span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Taxable income <i>(same as above)<\/i><o:p><\/o:p><\/span><\/b><\/div>\n<\/td>\n<td style=\"background: #B2A1C7; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 54.8pt;\" valign=\"top\" width=\"73\">\n<div align=\"center\" style=\"text-align: center;\">\n<b><u><span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">56,745<o:p><\/o:p><\/span><\/u><\/b><\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 91.35pt;\" valign=\"top\" width=\"122\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 69.4pt;\" valign=\"top\" width=\"93\">\n<div align=\"center\" style=\"text-align: center;\">\n<\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 13.25pt; mso-yfti-irow: 8; mso-yfti-lastrow: yes;\">\n<td style=\"border-top: none; border: solid windowtext 1.0pt; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 176.55pt;\" valign=\"top\" width=\"235\">\n<div>\n<b><span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">Total tax liability<o:p><\/o:p><\/span><\/b><\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 54.8pt;\" valign=\"top\" width=\"73\">\n<div align=\"center\" style=\"text-align: center;\">\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 91.35pt;\" valign=\"top\" width=\"122\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 69.4pt;\" valign=\"top\" width=\"93\">\n<div align=\"center\" style=\"text-align: center;\">\n<b><u><span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">13,548.75<o:p><\/o:p><\/span><\/u><\/b><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <\/p>\n<div>\n<\/div>\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">You<br \/>\nwill notice the interest is split into two lines in the table above. This is<br \/>\nbecause the savings income is the next type of income to be taxed and we need<br \/>\nto use up the extended 20% tax bracket of \u00a332,985, which the taxable employment<br \/>\nincome doesn\u2019t cover this bracket in full; so the balance is covered in the<br \/>\nsavings income and taxed at 20% and the remaining savings income is taxed at<br \/>\n40%.<o:p><\/o:p><\/span><\/div>\n<div>\n<\/div>\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">The<br \/>\nrest of the taxable income are below \u00a3150,000 so they all fall into the higher<br \/>\nrate tax bracket and have been taxed using different tax rates based on the<br \/>\ntype of income.<o:p><\/o:p><\/span><\/div>\n<div>\n<\/div>\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\">The<br \/>\ntable above shows that Thomas is due to pay tax of \u00a313,548.75; remember he<br \/>\nwould have paid some taxes already, so it\u2019s just the additional tax amount he<br \/>\nwill now be due to pay.<o:p><\/o:p><\/span><\/div>\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;; font-size: 12.0pt;\"><br \/><\/span><\/div>\n<div style=\"background-color: white; font-family: 'trebuchet ms', trebuchet, verdana, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px; text-align: justify;\">\n<span style=\"font-family: &quot;arial&quot; , sans-serif;\">Yours Sincerely,<o:p><\/o:p><\/span><\/div>\n<div style=\"background-color: white; font-family: 'trebuchet ms', trebuchet, verdana, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px; text-align: justify;\">\n<span style=\"font-family: &quot;arial&quot; , sans-serif;\">The Friendly Team<\/span><\/div>\n<div>\n<span style=\"background-color: white; font-family: &quot;arial&quot; , sans-serif; font-size: 12pt; line-height: 18.3999996185303px;\"><\/span><br style=\"background-color: white; font-family: 'trebuchet ms', trebuchet, verdana, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;\" \/><\/div>\n<div>\n<\/div>\n<div align=\"center\" style=\"text-align: center;\">\n<\/div>\n<p><\/p>\n<div style=\"-webkit-text-stroke-width: 0px; background-color: white; font-family: 'trebuchet ms', trebuchet, verdana, sans-serif; font-size: 13.1999998092651px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 18.4799995422363px; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px;\">\n<div style=\"margin: 0px;\">\n<span style=\"font-family: &quot;arial&quot; , sans-serif;\">The Training Place of Excellence Limited<\/span><\/div>\n<\/div>\n<div>\n<\/div>\n<div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Basic Rate bracket will now be extended to: \u00a331,785 + (\u00a3960\/ 0.8) = \u00a332,985 Interest from ISA\u2019s are not taxed Interest and dividends received will need to be grossed up Thomas will be entitled to the full personal allowance of \u00a310,600, since his taxable income is less than \u00a3100,000 Totals Non-Investment Savings Dividends Capital Gains &#8230; <a class=\"read-more\" href=\"https:\/\/www.thetrainingplace.org\/blog\/2016\/06\/personal-tax-part-2\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-174","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PERSONAL TAX PART 2 - The Training Place Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thetrainingplace.org\/blog\/2016\/06\/personal-tax-part-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PERSONAL TAX PART 2 - The Training Place Blog\" \/>\n<meta property=\"og:description\" content=\"Basic Rate bracket will now be extended to: \u00a331,785 + (\u00a3960\/ 0.8) = \u00a332,985 Interest from ISA\u2019s are not taxed Interest and dividends received will need to be grossed up Thomas will be entitled to the full personal allowance of \u00a310,600, since his taxable income is less than \u00a3100,000 Totals Non-Investment Savings Dividends Capital Gains ... 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