The following questions relate to tax year end planning.
Which of the following would benefit the most from using their personal allowance?
A) A starting rate taxpayer
B) A basic rate taxpayer
C) A higher rate taxpayer
D) An additional rate taxpayer
Where an individual has income in excess of £100,000, which planning strategy could they implement to reduce their income?
A) Maximise their Isa contributions
B) Make a gift aid donation
C) Make a gift of shares to charity
D) Make a gift out of their income
For which tax years is it possible to make use of carry forward for pension purposes?
A) 2009/10 to 2011/12
B) 2010/11 to 2012/13
C) 2011/12 to 2013/14
D) 2012/13 to 2014/15
What is the current annual contribution limit for an Isa?
Which type of investment can be used to defer payment of income tax?
A) Growth orientated Oeics
B) Investment bond
D) Unit trusts
Questions supplied by Technical Connection
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