ACCA TX-UK Income tax computation – Savings Income (part 1)

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1. janeneky says

   October 5, 2018 at 2:35 am

   Please ild like to know why £18,000 was charged at 20% instead of £18,500. Been that the £500 at 0% is the nil rate band for higher rate and should be taken after £33,500. I’m confused.

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   • Ronke says

     October 7, 2018 at 11:05 pm

     The nil rate band for savings income counts towards the basic and higher rate thresholds.
     We already charged non-savings income of 15,000 at 20% basic rate
     and then we charged 500 at nil rate
     therefore what is left for the basic rate threshold = 33500-15000-500
     =18,000
     Thats the reason 18,000 was charged at 20% rather than 18,500
     Hope it helps.

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2. linseykams says

   September 19, 2018 at 9:24 am

   i don'”t have internet at my house how can download the videos to watch thems off line?

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3. sulemanali93 says

   August 18, 2018 at 3:25 am

   Hello Sir,

   I have a question. Why u didn’t deduct PA in question 1 and deducted it in question 2. It will clear my confusion. Kindly reply

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   • purecha says

     October 30, 2018 at 12:25 pm

     we did ddeduct, his income was 26,500 and the income taxed as non savings was only15000, hence 11500 was deducted as PA.

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4. donald says

   July 10, 2018 at 9:15 am

   very good lecture.its better than reading on my own

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