105 JOE

(A) JOE'S EMPLOYMENT INCOME FOR THE TAX YEAR 2020/21

$
EMPLOYMENT WITH FIRSTLY PLC
SALARY 57240
LESS: CONTR. TO OCCUPATION PENSION SCHEME -3434
BONUS -
BENEFICIAL LOAN (W1) 1331
WORKPLACE NURSERY -
HOME ENTERTAINMENT SYSTEM:
PERSONAL USE 660
WHEN GIVEN: (W2) 3860
59657

EMPLOYMENT WITH SECONDLY PLC:

$
SALARY 19695
CONTRI. TO PERSONAL PENSION SCHEME -
ADD: LIVING ACCOMODATION (W3) 6750
ADD: FURNITURE (W4) 816
ALLOWANCE FOR WORK FROM HOME - (AS UP TO $6 PER WEEK IS EXEMPT)
27261

TOTAL EMPLOYMENT INCOME 86918

WORKING:
(W1) BENEFICIAL LOAN
STRICT METHOD
$
1 MAY 2020 TO 31 JULY 2020 675
1 AUG 2020 TO 31 DEC 2020 656
1331

(W2) HOME ENTERTAINMENT SYSTEM

$
GREATER OF:
MARKET VALUE WHEN FIRST GIVEN 4400
LESS: TAXABLE BENEFIT TILL 31 DEC 660
5060

MARKET VALUE WHEN GIVEN 3860

3860

TAXABLE BENEFIT 3860

(W3) LIVING ACCOMODATION

$
GREATER OF:
ANNUAL VALUE 2600
2600
 RENT PAID BY EMPLOYER 6750
6750

TAXABLE BENEFIT 6750

(W4) FURNITURE
$
TAXABLE BENEFIT 816
O $6 PER WEEK IS EXEMPT)