Please Gordon, keep it simple

Article Abstract:

The United Kingdom tax system is complex and this creates problems for people having to fill in a tax return under the self-assessment scheme. There are three rates of tax for earned income, 10%, 23% and 40%, while savings are taxed at 20% and 40%. The married couples' allowance is to be abolished except for those born before or on April 5 1935. A tax credit will be introduced for people with children from 2001. Most taxpayers do not complete a tax return since their tax is paid through a pay as you earn system, but mistakes are sometimes made with this system.

Taxation, Tax administration and procedure, Tax administration

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The private solution that creates new problems

Article Abstract:

State schools in the UK have had bad publicity, though there are many good schools in the state sector. There are some 2,400 independent schools in the UK, and standards vary widely. Parents may select schools on grounds of family ties, and they may see boarding schools as especially beneficial. Prep school fees vary between 5,400 pounds sterling and 9,000 pounds for boarders, and senior schools vary from 6,900 pounds to 12,000 pounds. The proportion of children in private schools increased to 7.5% in 1990 from less than 6% in 1979.

Elementary and Secondary Schools, Elementary & Secondary Schools, Economic aspects, Education, Schools, British

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Complete freedom... at a price

Article Abstract:

Self-select and single company personal equity plans (PEPs) may be of particular interest to seasoned investors. A self-select PEP gives investors the chance to choose their investments, but attention should be paid to the extra charges such schemes attract. Such PEPs are most appropriate for high-earning investors with a high tax bill. Single company PEPs are inappropriate for moderate savers, unless they have an existing portfolio of shares, the single exception being employee shareholders.

Personal Investing, Management, Personal finance, Investments

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