Tx notes fa22 Final

2022
2023
£
£
Salary to Renner (paid at the end of each month)
28,500
33,000
Bonus to Renner (paid in the following February)
4,200
2,700
£

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303
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10.
The furniture in the house is estimated to have cost £7,200.
11.
Renner received a dividend of 40p per share in May 2022.
Compute Renner’s income tax liability for 2022/23 
Assume the o
ffi
cial rate of interest for 2022/23 is 2.25%.


Council tax
550
Electricity
260
Telephone
110
Cleaning
130

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17. George 
(a)
George is employed by Exchequer plc earning an annual salary of £100,000 and has made the 
following gross personal pension contributions since first joining a scheme in June 2020:
2020/21
£28,000
2021/22
£23,000
During 2022/23 he made a cash payment of £48,000 into the pension scheme and wishes to 
know whether tax relief will be available in full on this amount and what will be the maximum 
contribution he will be able to make in 2023/24 for which tax relief will be available without 
incurring any charges.
(b)
Osbourne is an employee of Chancellor plc with an annual salary of £170,000. He has made 
regular annual gross personal pension contributions of £60,000 p.a. other than in 2021/22 
when his gross contributions were only £10,000. In 2022/23 Osbourne has made gross 
personal pension contributions of £90,000.
Assume the AA limits for 2022/23 also applied in 2021/22