Which TWO of the following items of expenditure are deductible in the calculation of an individual’s taxable income?
(1) A contribution into a personal pension scheme
(2) A charitable gift aid donation
(3) A contribution into an employer’s HM Revenue and Customs’ registered occupational pension scheme
(4) A charitable donation made under the payroll deduction scheme
A. 3 and 4
B. 1 and 2
C. 2 and 3
D. 1 and 4
Samson and Delilah are a married couple. Samson was born on 24 June 1964 and Delilah was born on 6 May 1962.
They are both employed by Rope plc, and Delilah is also a partner in a partnership. The following information is vailable in respect of the tax year 2014–15:
Delilah
(7) During the tax year 2014–15, Delilah made charitable gift aid donations totalling £6,000 (gross).
Required:
What will the tax bands be extended by because of this contribution
Alfred and Edward King are brothers. They are trying to calculate their balancing payments for the tax year 2013–14, and the following information is available:
Alfred King
(7) During the tax year 2013–14, Alfred made gift aid donations totalling £1,920 (net) to national charities.
Required:
How much will the tax bands be extended by?
On 30 June 2011 Josie Jones, aged 42, ceased self-employment as a graphic designer. On 1 August 2011 she commenced employment with Typo plc as a creative director. The following information is available for the tax year 2011–12:
Other information
(4) During the tax year 2011–12 Josie made gift aid donations totalling £4,400 (net) to national charities.
Required:
What will the tax bands be extended by because of these contributions?