Faryal is retired at the age of 40 years old, she worked hard all of her life
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Question:
Faryal is retired at the age of 40 years old, she worked hard all of her life and had a very well paid job, and then won the lottery.
Her income for 2020/21 is as follows:
Non Savings Income £20,000
Savings Income £135,000
Dividend Income £50,000
Total Income £205,000
Faryal made donations to charity under gift aid of £2,400 during 2020/21.
Compute the income tax liability for Faryal for the tax year 2020/21.
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