In the United Kingdom, 40 %
{| ! width="75" | Marginal Tax Rate ! width="150" | Single ! width="150" | Married Filing Jointly or Qualified Widow(er) ! width="150" | Married Filing Separately ! width="150" | Head of Household ! 10% | $0 - $8,025 $0 - $16,050 $0 - $8,025 $0 - $11,450 ! 15% | $8,026 - $32,550 $16,051 - $65,100 $8,026 - $32,550 $11,451 - $43,650 ! 25% | $32,551 - $78,850 $65,101 - $131,450 $32,551 - $65,725 $43,651 - $112,650 ! 28% | $78,851 - $164,550 $131,451 - $200,300 $65,726 - $100,150 $112,651 - $182,400 ! 33% | $164,551 - $357,700 $200,301 - $357,700 $100,151 - $178,850 $182,401 - $357,700 ! 35% | $357,701+ $357,701+ $178,851+ $357,701+
In The UK ....
Rate Dividend Income Savings Income Other Income Band (above any personal allowance) Starting rate 10% 10% 10% 0 - £2,230 Basic rate 10% 20% 22% £2,231 - £34,600 Higher rate 32.5% 40% 40% over £34,600
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The taxable distribution amounts will be taxed to the beneficiaries in the same way that were or would have been taxed to the deceased taxpayer. If your meaning inherited IRA or retiremen plans the rules can be much, much different.
You do not have to pay tax in the UK on the benefits received from a will
A life insurance payout is not taxed.
No, not in the UK, you get taxed when you are 16
The receiver won't get taxed, the giver will. On gifts that don't fit the exclusion which is generally $13,000 per year per giver per receiver.
3 percent interest on 150000 is 4500.
6% of 150,000 = 6/100 * 150000 = 9000
150000
If it is simple interest and interest calculated at the end of each year then 150000x10x0.1 = 150000 If it is compound interest and interest calculated at the end of each year then [150000[(1+0.1)]raised to 10] - 150000 which is [150000x(1.1)raised to 10] - 150000 which is 150000x2.59374246 - 150000 which is 389061.37 - 150000 = 239061.37
10,500.
£150000
200
2.5% of 150000 = 2.5% * 150000 = 0.025 * 150000 = 3750
150000
150000
£150000
13hr