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Hi,
1) i have question from exam paper of 2010 dec Q1 regarding childcare voucher…why we took limit of 55$ per week..it is for basic tax rate payer and joe’s total income comes in additional tax rate band 160,475 so it should be 22 pr week?2)what is the maximum list price of car …i am going thru previous exam papers..in 2011 maximum list price was 80000 :O so what is it now in 12/13 Tax year
3) and lastly I want to know if Pension income is saving income or non saving income ??
there is no maximum list price.but there is for capital contribution which is 5000 restriction.
Hi anam apologies for not being able to look at your query until now. From the questions you have asked I think you may be looking at these past exam questions on the ACCA website? The answers there are not updated for the changes in legislation that occur in each year’s Finance Act. If you are to work past exam questions you must purchase a Finance Act 2012 edition revision question bank from one of the recommended suppliers such as Kaplan or BPP. This is the issue behind your first 2 queries where you are reading out of date answers. Your third query – pension income is non savings.
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