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Afnan and Afzal are married and have 2 children. Afnan is employed with Barclays Plc and draws annual employment remuneration of 4500 GBP. Afnan has

Afnan and Afzal are married and have 2 children. Afnan is employed with Barclays Plc and draws annual employment remuneration of 4500 GBP. Afnan has 1 million GBP invested in securities that earn 12% p.a. Afnan has also invested in shares that have fetched her dividends of 3000 in the current tax year. Afnan is a partner in AF’s food stuff company and is paying interest on a loan of 600 GBP on her investment in the company. Afnan has generously contributed 50000 GBP towards the gift aid scheme. She also contributed 750 GBP per month to personal pension contribution. Afnan has received 1420 GBP per child as the child allowance from the British government. Afzal is a homemaker and earns 10000 GBP per annual from trading and small weekend jobs Note: GBP is the abbreviation of the British Pound Sterling, which is the official currency in the UK

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Answer The official currency of the United Kingdom is the British Pound Sterling GBP This is a form of fiat currency meaning that it has no intrinsic ... blur-text-image

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