3 nsi di

ti 106,800
di 1500 tax relied
net in 106,800 1500 108,300 ani
less: PA -12570 -12570
taxable income 94,230 1500 95,730

PA 9420

4 nsi
property inc 40,650 Genna
less:PA -12570 salary 5000
tax income 28,080 less:PA -5000
taxable income 0
nsi
5616 Wayne
-252 property income 40,560
5364 less:PA -12570
27,990
5 not deductible , not deductible,deductible, deductible less:MA -252
27,738

7 qi, not qi, not qi, qi

8 2

10 d

14

tyu 11
net income 52,965
less:PA -12570
 40,395

7540
1078
8618
-4500
4118

53,000 625
-12570
40,430

7665 brb 38325

842
8507
 2000
106,300

PA 11310

5598
5346
calculation of taxable income

£
TOTAL INCOME XXXX
less: qualifying interest paid (XXX)
NET INCOME XXXX
Less: Personal allowance -12,570
TAXABLE INCOME XXXX
Types of Taxpayers(based on their total taxable income)

Basic rate tax payers 0-£37,700

Higher rate tax payers £37,701-£125,140

Additional rate tax payers £125,140+

Income tax liability is calculated in the following order:

1. Non Savings Income
2. Savings Income
3. Dividend Income
class work
NSI 56,000
37,700 7540
18,300 7320
14860

NSI 178,000
37,700 7540
87,440 34976
52,860 23787
66303

NSI 123,000
37,700 7540
85,300 34120
41660

NSI 80,000
37,700 7540
42,300 16920
24460
Adjusted Net Income

Net income XXX

Less: gross gift aid donations (XXX)
Less: gross personal pension contributio (XXX)
ANI XXX
given values are ANI

112,000
PA 6570
109,600
PA 7770
118,900
PA 3120
Mandy - Income tax liability 2023/24

NSI SI Total
Trading Profit 27,500
Bank interest 10,000
Net income 27,500 10000 37,500
Less:PA -12,570 -12,570
Taxable income 14,930 10000 24,930

Income tax liability

NSI NOTE
14,930*20% 2986

SI
1000*0% 0 (nil rate band) (check the C9)
9000*20% 1800 (remaining amount-9000)
4786 (total tax amount Mandy has to pay)

Christa has property income of 35,000 and bank interest of 8,000

Calculate income tax liability for 2023/24

Income tax liability 2023/24

NSI SI Total
property income 35,000
bank interest 8,000
Net income 35,000 8,000 43,000
Less:PA -12,570 -12,570
Tax income 22,430 8,000 30,430

Income tax liability

NSI
22,430*20% 4486

SI
1000*0% 0
7000*20% 1400
5886
Sandy - Income tax liability 2023/24

SI
bank interest 22,500
Less: PA -12,570
taxable income 9,930

income tax liability

SI
1000*0% 0
(5000-0)*0% 0 (there is no NSI)
3930*20% 786
786

Primrose - income tax liability 2023/24

NSI SI total
trading profit 13,500
bank interest 18,000
net income 13,500 18,000 31,500
less: PA -12,570 -12,570
taxable income 930 18,000 18,930

income tax liability

NSI
930*20% 186

SI
1000*0% 0
(5000-930)*0% 0
12,930*20% 2586
2772
Henna has trading income of 16,000 and bank interest of 8,900
Calculate her oncome tax liability for 2023/24

NSI SI total
trading income 16,000
bank interest 8900
net income 16,000 8900 24,900
less: PA -12,570 -12,570
taxable income 3,430 8900 12,330

income taxliability
NSI
3430*20% 686

SI 6330
1000*0% 0
(5000-3430)*0% 0
6330*20% 1266
1952

Sreedevi has employment income of 19,500, bank interest of 10,000.

and dividend income of 4000.
Calculate income tax liability for 2023/24.

Sreedevi - income tax liability 2023/24

NSI SI DI Total
employment income 19,500
bank interest 10,000
dividend income 4,000
net income 19,500 10,000 4,000 33,500
less: PA -12,570 -12,570
taxable income 6,930 10,000 4,000 20,930

income tax liability

NSI
6930*20% 1386
SI
1000*0% 0
9000*20% 1800
DI
1000*0% 0
3000*8.75% 262.5
3449

Atheena has property income of 36,000, bank interest of 15,000 and

dividend income of 9,900.
Calculate his income tax liability for 2023/24.

NSI SI DI Total
property income 36,000
bank interest 15,000
dividend income 9,900
net income 36,000 15,000 9,900 60,900
less: PA -12,570 -12,570
taxable income 23,430 15,000 9,900 48,330

income tax liability

NSI
23,430*20% 4686
SI
500*0% 0
13,770*20% 2754 13,770
730*40% 292 730
DI
1000*0% 0
8900*33.75% 3004
10736

Janet has employment income of 45,000, bank interest of 12,400 and

dividend income of 9800.
Calculate income tax liability for 2023/24.

Janet - income tax liability 2023/24

NSI SI DI Total
employment income 45,000
bank interest 12,400
dividend income 9800
net income 45,000 12,400 9800 67,200
less: PA -12,570 -12,570
taxable income 32,430 12,400 9800 54,630

income tax liability

NSI
32430*20% 6486
SI
500*0% 0
4770*20% 954 4,770
7130*40% 2852 7,130
DI
1000*0% 0
8800*33.75% 2970
13262

Anusree received a salary of 19,500(PAYE deducted of 1,400).

She also received 10,000 bank deposit interest and dividend income
of 1,000 in 2023/24.
calculate Anusree's income tax payable for 2023/24.

Anusree - income tax liability 2023/24

NSI SI DI Total
employment income 19,500
bank interest 10,000
dividend income 1,000
net income 19,500 10,000 1,000 30,500
less: PA -12,570 -12,570
taxable income 6,930 10,000 1,000 17,930

income tax liability

NSI
6930*20% 1386
SI
1000*0% 0
9000*20% 1800
DI
1000*0% 0
income tax liability 3186
less: PAYE -1400
income tax payable 1786

Jasim- Income tax liability 2023/24

NSI SI TOTAL
trading income 102,000
bank interest 4,000
net income 102,000 4000 106,000
less: PA 9,570 9,570
taxable income 92,430 4000 96,430

income tax liability

NSI
37700*20% 7540
(92430-37700)*40% 21892
SI
500*0% 0
3500*40% 1400
30832

Peeta - income tax liability 2023/24

NSI
employment income 108,000
less: PA 8570
taxable income 99,430

income tax liability

NSI
37700*20% 7540
(99430-37700)*40% 24692
income tax liability 32232
less: PAYE -32,000
income tax payable 232

Gale - income tax liability 2023/24

NSI SI DI TOTAL
trading income 105,000
bank interest 40,000
dividend income 35,000
net income 105,000 40,000 35,000 180,000
less :PA 0 0
taxable income 105,000 40,000 35,000 180,000

income tax liability

NSI
37,700*20% 7540
(105000-37700)*40% 26920
SI
20,140*40% 8056
19,860*45% 8937
DI
1000*0% 0
34000*39.35% 13379
64832

Aslam has trading profit of 114,200 and bank interest of 48,000.

He also has dividend income of 58,000.
Calculate Aslam's income tax liability for 2023/24.

Aslam-income tax liability 2023/24

NSI SI DI TOTAL
trading income 114,200
bank interest 48,000
dividend income 58,000
net income 114,200 48,000 58,000 220,200
less: PA 0 0
taxable income 114,200 48,000 58,000 220,200

income tax liability

NSI
37,700*20% 7540
76500*40% 30600
SI
10940*40% 4376
37060*45% 16677
DI
1000*0% 0
57000*39.35% 22430
81623

Farid-net income
NSI SI DI TOTAL
trading income 45,000
savings income 4320
dividend income 6,000
total income 45,000 4320 6000 55,320
less: qualifying interest -1370
net income 43,630 4320 6000 53,950

44,380 44380
1000*0 0
3211.25 14641
2254.5
5466

ellen-income tax liability

trading profit 53,000

less:PA -12,570
taxable income 40,430
tax relief 2000

basic rate band 7940

(40430-39700)*40% 292
8232

Tom-income tax liability

trading profit 135,000 ANI 127,000 (income above 100k aayond aany ANI
less:PA 0 (for calculating PA)
taxable income 135,000

tax relief 8000

income tax liability

NSI
45700*20% 9140 brb 45700
(133140-45700)*40% 34976 hrb 133140
(135000-133140)*45% 837
44953

Candace-income tax liability 2023/24

NSI SI DI TOTAL
trading profit 98,000
bank interest 4,000
dividend income 6000
total income 98,000 4,000 6000 108,000
less: interest -3000 -3000
net income 95,000 4,000 6000 105,000
less:PA -12570 -12570
taxable income 82,430 4,000 6000 92,430

income tax liability

NSI
43700*20% 8740 brb 43700
(82430-43700)*40% 15492
SI
500*0% 0
3500*40% 1400
DI
1000*0% 0
5000*33.75% 1687.5
27320

Katniss-income tax liability 2023/24

NSI SI DI TOTAL
trading income 38,000
employment income 8000
banj interest 3,500
div income 7000
total income 46,000 3500 7000 56,500
less :QI -1000 -1000
net income 45,000 3500 7000 55,500
less:PA -12,570 -12,570
taxable income 32,430 3500 7000 42,930

income tax liability

NSI
32430*20% 6486 brb 40200
SI
500*0% 0
3000*20% 600
DI
1000*0% 0
3270*8.75% 286.125 3270
2730*33.75% 921.375 2730
8294
Less:PAYE -505
income tax payable 7789
Jessica had the following income and outgoings for 2022/23.
Trading profit 90,000
bank interest received 20,000
gift aid(amount paid) 1600
calculate the income tax liability of Jessica for 2022/23.

jessica-income tax liability

NSI SI TOTAL
trading profit 90,000 tax relief
bank interest 20,000 ANI
net income 90,000 20,000 110,000 PA
less:PA -8570 -8570
taxable income 81,430 20,000 101,430

income tax liability

NSI
39700*20% 7940 brb 39700
(81430-39700)*40% 16692
SI
500*0% 0
19500*40% 7800
32432

Danny - income tax liability 2023/24

trading income 10,000

Less:PA(n1) -10,000
taxable income 0

n1:since Danny is transferring ,his PA is 11,310(12570-1260)

, but since his income is only 10,000, we use 10,000 of PA.

Donna - income tax liability 2023/24

salary 30,500
less:P -12,570
taxable income 17,930
17930*20% 3586
less:MA -252
3334

Leela-income tax liability 2023/24

trading profit 60,000 tax relief 2500

less:PA -12570 ANI 57,500
taxable income 47,430 75

income tax liability

NSI brb 40200
40200*20% 8040
(47430-40200)*40% 2892 w1:child benefit tax charge
add:child benefit(w1) 807 ANI 57500
11739 % 75
807

kaplan kit 12 qstn

salary 53,000 (also ANI since there is no gift aid)

% 30
child benefit tax 623 rounded to 622
come above 100k aayond aany ANI calculate cheythath)
calculating PA)

tax relief 6000

ANI 99,000
tax relief 2500
ANI 53,000
 2000
108,000
8570
1)Christa has an employment income of 60,000.
Calculate income tax liability for 2023/24.

taxable income 47430

7540
3892
11432

2) Christa has an employment income of 60,000. she also paid 1,200 as charity
under gift aid system.
Calculate income tax liability for 2023/24.

taxable income 47430

tax relief 1500

39,200*20% 7840 basic rate band 39200

(47,430-39,200)* 3292 higher rate ban 126640
11132

she has reduced the tax by 300. (tax savings)

she has same income

charity has paid aanenkil divide by 80% cheyanm

transfer cheyuna spouse anenkil Pa is reduced by 1260. (less income)
receive cheyuna spouse anenkil PA reduced by 252(1260*20%(Basic rate) (higher income)

Danny - income tax liability 2023/24

trading income 10,000

Less:PA(n1) -10,000
taxable income 0

n1:since Danny is transferring ,his PA is 11,310(12570-1260)

, but since his income is only 10,000, we use 10,000 of PA.

Donna - income tax liability 2023/24

salary 30,500
less:P -12,570
taxable income 17,930

17930*20% 3586
less:MA -252
3334
EG1: patrick and hayley
51750
1750
17.5 313

51750
1750 313
17.5
TAX EXEMPT INCOME

1) Individuals Savings account(ISA)

2) Savings certificate (By NS & I)
3) Premium bonds
4) Child benefit

1) ISA
The annual subscription limit for ISAs is 20,000 per tax year.
Dividend income and interest received from ISAs is exempt from income tax.
Similarly, capital gains made within a ISA are exempt from capital gains tax.

2) Savings certificate
They may be fixed rate certificates or index linked and are for fixed terms of
between two and five years.
On maturity, the profit is tax exempt. This profit is often called interest.

3) Premium bonds
Prizes received from premium bonds are exempt from tax.