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The Technical Connection Quiz: 9 January

To help you to keep up with the fundamentals of tax, retirement and financial planning, try answering these questions.

The following questions all relate to the Autumn Statement.


QUESTION ONE

The inheritance tax nil rate band will remain frozen until:

A) 2014/15

B) 2015/16

C) 2016/17

D) 2017/18

QUESTION TWO

How much did the capital gains tax exemption increase by?

A) £50

B) £100

C) £150

D) £200

QUESTION THREE

After how long will income retained by trustees become capitalised?

A) 1 year

B) 18 months

C) 3 years

D) 5 years

QUESTION FOUR

The transferable personal allowance rules will be introduced from 6 April 2015. How much will someone be able to transfer under the rules?

A) £200

B) £500

C) £1,000

D) £1,500

QUESTION FIVE

From April 2015, employers will not have to pay national insurance contributions for whom?

A) Employees aged under 18

B) Employees aged under 21

C) Employees aged under 25

D) Employees aged under 30

Questions supplied by Technical Connection 

Access full CPD, technical updates and business generation ideas throughTechlink Professional. Go to www.techlink.co.uk and click theContact Us link at the top of the screen and then request your free trial from the drop down menu.

_________

Answers

1 D
2 B
3 D
4 C
5 B

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