Teletext Recovery - 30/09/1990

P636 ORACLE 636 Sun30 Sep C4 2356:11    1/8         Have you got a question or a point to make? Here are some tips to follow: * Keep your question short but include all relevant details in your letter. * Don't send an SAE - the Financial Services Act forbids personal replies. * Please give your full address in case we need more details - your name and address will remain confidential. * Our address is Your Money, ORACLE, 25-32 Marshall Street, London W1V 1LL. Here is the week's round-up > Money guide 630 Trusts/Pensions 637 HOLIDAY BARGAINS IN SCOTLAND p386 Trusts Nat Savings Adverts City

P636 ORACLE 636 Sun30 Sep C4 2352:14    2/8         TALKING TESSAS My wife uses her personal tax allowance each year. This being so, can she purchase a TESSA? If so, what do you think of the one the Britannia is offering? K.M., Aylesbury, Bucks Your Money replies: It guarantees to turn £7,950, invested from October, into £14,000 at the end of five years. It sticks the whole lot on deposit paying out a GROSS 12.25, net, 9.19%. This is a feeder account that makes a yearly subscription to the TESSA. Inside the TESSA, the gross guaranteed rate is 12.25%. more reply follows > Money guide 630 Trusts/Pensions 637 Trusts Nat Savings Adverts City

P636 ORACLE 636 Sun30 Sep C4 2357:18    3/8         TALKING TESSAS....2 Your Money replies ctd: Point one: Your wife can get a TESSA. They are open to both taxpayers and non taxpayers. Point two: Your interest rate is guaranteed. This is unusual from a building society. The net rate in the feeder account is not exciting. But offered gross, in the TESSA it's not bad. The average yearly rate of interest over 5 years is 12.96% It's better than the 35th Issue from National Savings which offers 9.5% over five years, tax free. more > Money guide 630 Trusts/Pensions 637 Trusts Nat Savings Adverts City

P636 ORACLE 636 Sun30 Sep C4 2353:11    4/8         TALKING TESSAS..3 Your Money replies (3) No one has a crystal ball and we all have to take our own view as to what interest rates will do in the future. If you think they are going to stay high for the next 2-3 years and then come down, you would be better off in a TESSA paying a variable rate. But if they drop (on entry to the EMS perhaps) your guaranteed rate is good. The Britannia reckons it's a good product because interest rates are expected to fall. It beats the guaranteed income bonds on page 633. > Money guide 630 Trusts/Pensions 637 Trusts Nat Savings Adverts City

P636 ORACLE 636 Sun30 Sep C4 2358:15    5/8         GETTING THE WHOLE PICTURE! How can I achieve an in-depth knowledge of index-linked gilt edged stock? V.C., Todmorden, Lancs. Your Money replies: The Stock Exchange recommends the following book, written by an accountant and sometimes journalist. But youWll have to be pretty keen - it costs £19.95! Index Linked Gilts - A Practical Investment Guide by Roger Bootle. The publishers are Woodhead Faulkner more > Money feature on page 634 Trusts Nat Savings Adverts City

P636 ORACLE 636 Sun30 Sep C4 2354:58    6/8         TRANSFERRING SHARES I am a taxpayer and my wife is not. I want to transfer some of my shares to her so that she can claim the tax back on the dividends. What is the best way to do it? S.P., London, W1 Your Money replies: A lot of people ask this question and we usually tell them to go to a legal stationer and buy a sheaf of share transfer forms. But there's now a much simpler way to do it. The stockbroking firm Diameter is offering these forms to the public - practically free - with instructions on filling them in! reply continued > Money guide 630 Trusts/Pensions 637 Trusts Nat Savings Adverts City

P636 ORACLE 636 Sun30 Sep C4 2350:14    7/8         TRANSFERRING SHARES...2 Getting share transfer forms from a legal stationer is problematic. Firstly you have to find one which stock the up-to date forms. Often they are old issue and do not contain the crucial "clause L" category which exempts you from tax. Diameter offer up-to-date forms with a jargon free guide on filling them out. The cost is three first-class stamps. Write to Diameter, 14 Surrey Tech. Centre, 40 Occam Rd, Surrey Research Park, Guildford, Surrey GU2 5YH. more > Money guide 630 Trusts/Pensions 637 Trusts Nat Savings Adverts City

P636 ORACLE 636 Sun30 Sep C4 2351:17    8/8         LESSENING TAX My mother died recently and her estate is being sold. Can I split my share with my wife to lessen the blow of capital gains tax? H.C., Worcester Your Money replies: Slight confusion here. There is no CGT to pay on death. The only tax that applies is inheritance tax which is levied at 40% on the gross estate when it's worth more than £128,000. An interesting statistic is that there is no I.T. on 96% of deceased estates. On receiving your share, you can split it with your wife to avoid future capital gains. start > Money guide 630 Trusts/Pensions 637 Trusts Nat Savings Adverts City

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