22.11.29 Personal Tax

What is the allowable mileage rate for cars and vans for mileage over 10,000 miles in a tax year?

• 45p

• 20p

• 24p

• 25p

What is the Employee Class 1 contribution rate for earnings above the Primary Threshold and the Upper Earnings Limit?

• £3.05 per week

• 8%

• 12%

• 2%

What is the employer rate of Class 1 National Insurance for earnings above the Secondary Threshold?

• 12%

• 13.8%

• 2%

• 0%

I am a higher rate taxpayer and have made a donation to charity under gift aid of £35. By how much will my basic rate band be extended by?

• £35

• £0

• £43.75

• £42

I have made a personal pension contribution of £200, as a higher rate taxpayer, what will my basic rate band be extended by?

• £250

• £0

• £200

• £240

As a higher rate taxpayer, I have made a pension contribution to an approved company pension scheme of £200. By how much will my basic rate band be extended by?

• £0

• £200

• £250

• £240

My Adjusted Net Income is £105,000. How much personal allowance am I entitled to?

• £12,570

• £0

• £10,070

• £2,500

What is the maximum total investment into an ISA for 24/25?

• £20,000

• £10,000

• £5,000

• £12,570

How much is the Property Allowance

• £500 for Higher Rate tax payers

• £0 for Additional Rate tax payers

• £1,000 for all taxpayers

• £250

I am UK Resident and UK Domiciled. What am I subject to UK tax on?

• UK Income and Gains only

• Worldwide Income and Gains

• Worldwide Income and UK Gains

• UK Income and Worldwide Gains