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Growth in a PEP was free from capital gains tax within the fund and on encashment. [1] Income was free from income tax.When introduced in 1986, the fund was limited to £2,400 (annual allowance), [2] but later increased to two types of PEP: the "general PEP" with an annual allowance of £6,000 and the "single company PEP" with an annual allowance of £3,000.
A specific requirement was the presentation of the applicant's National Insurance number, to ensure only one TESSA (tax free) account investment could be operated by the individual per year. Interest on the TESSA was free from UK income tax. The favourable tax treatment of a TESSA lasted for five years, and it was possible to invest up to £ ...
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
The Lifetime ISA, announced in March 2016, replaces the HTB ISA. HTB accounts could be opened until 30 November 2019 and contributions can continue until 30 November 2029. [21] An account holder can also have a Lifetime ISA, although the government bonus from only one of the accounts per person can be used for a purchase.
Motorway is an online-only used car marketplace based in the UK. It uses a selling platform to allow users to sell their vehicle directly to car dealers. Motorway is based in London and Brighton in the UK.
The financing company is likely to be represented in this discussion by either a car dealer or automotive finance broker. [6] This form of contract purchase was originally used more by businesses than individuals, but there has been steadily increasing use by consumers in countries such as the UK in recent years.
In April 2012, Nottingham became the first city in the UK to introduce a WPL. [45] The levy charges £350 on each parking space made available to employees at businesses with more than ten such parking spaces. The council have used the revenue of around £10 million a year to develop the city's tram system. [46]
Despite the loss of mass-market British marques, car models that are built in the UK are generally popular in the UK sales charts, examples being the Nissan Qashqai. [125] As of 2014 2.45 million cars were sold in the UK, with the Volkswagen Group having a 20.8% share, Ford Motor Company having 13.2% and General Motors having 11.3%. Subcompact ...