Personal Finance
Tax Facts 2

Pink Tax Tables Tax Year 2001-2002

 

Pensions and Savings Limits

     
     
Basic State Pension 2001/2002
Single Person £3,770.00
Married Couple £6,026.80
Dependents Additional  £2,256.80

Personal Pension Contributions

Maximum Contributions Based on
Net Relevent Earnings
   
Age on 6th April 2001  2001/02
35 OR LESS 17.5%
36-45  20.0%
46-50 25.0%
51-55  30.0%
56-60  35.0%
61+ 40.0%
Earnings Cap    £95,400

 

Maximum Retirement Annuity Plan Contributions
   
Age on 6th April 2001  2001/02
50 OR LESS 17.5%
51-55 20.0%
56-60   22.5%
61+ 27.5%

Note

Retirement annuity policy limits apply to policies effected before 1 July 1988.

Savings

Individual Savings Accounts
   
Age on 6th April 2001  2001/02
General Limit £7,000
Maximum Cash £3,000
Maximum Life £1,000

Tax Exempt Special Savings Accounts (TESSAs)

Additonal limit for reinvestment from matured TESSA £9,000
 
Stamp Duty  NIL
Up to £60k  NIL
£60k-£250k  1%
£250k-£500k   3%
£500k+  4%

 

 

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