课文听力文本-Unit-5-Briefing-on-Taxation-and-Insurance-Policies

Unit 5 Briefing on Taxation and Insurance Policies Part I Getting ready Exercise B Keys SentencesKey wordsAnswers a8000 half4000 b2000 twice4000 c2000 double4000 d8000 a quarter2000 e4000 similiar4000 Tapescript a We expected about eight thousand but it was half of that b We estimated about two thousand but it s twice as much as that c Her salary is about two thousand and his is about double that d We thought about eight thousand but it s not more than a quarter of that e We thouht about four thousand and it s similiar to that Exercise C Keys Dialogue one 1 30000 24 2 overdraft 3 sailing Dialogue two 1 A brand new video was stolen 2 Yes The speaker paid the premium last week Dialogue three DifferencesSimilarities Man AMan B b mortgage c income b saving money c entertaining a pension schemes b insurance Tapescript Dialogue one A About 24 of my income goes in tax which is quite low I don t know how they manage in places where tax rates are higher I have a good job I suppose I earn about thirty grand with bonuses but I wouldn t say that we were well off We can t afford to run two cars The cost of living is very high here B Does your wife work A She does at the moment We re trying to clear our overdraft and there isn t a lot left over We do spend a lot on food but then we are a big family it s difficult to economize We spend very little on holidays we usually go camping which the children prefer anyway We did go abroad for a week last year but that was exceptional I don t know where the money goes We don t often go out B What about hobbies A I m keen on sailing but it s an expensive pastime We do spend a bit on the children Angela loves riding but we re careful we have to be Dialogue two A We were broken into yesterday They took the video It was brand new B oh no what was it worth A About 300 B I hope you re insured A Yes luckily I paid the premium last week But I ll have to make a claim It s a real nuisance B Are you covered for electrical goods A I assume so I ll check I have to call them to get a claim form Dialogue three A His commitments are very similar to mine We both have a family to support and a mortgage to pay My guess is that his income is about the same as mine I don t understand how he can afford a cottage in the country B He probably borrowed the money Your basic situation may be similar to his but he s very different from you He never saves a penny I bet you invest far more than he does in pension schemes and so on For example how much do you spend on insurance per year A That s my business B OK let s say it s three thousand including life insurance A It isn t nearly as much as that B Maybe not but the point is that he probably spends twice as much as that just on entertaining Part II Briefing on personal taxation Exercise A Keys Outline I Structure A rates 1 25 2 40 B 1 3295 2 5015 3 pension 40 4 7 II Collection A PAYE B Insurance 1 9 2 10 Exercise B Keys 1 simple and relatively low 2 separate taxation 3 40 4 Pay As You Earn the employer the employee 5 the allowance Tapescript Good afternoon ladies and gentlemen What I d like to do essentially is to answer two questions Firstly how is personal taxation structured in the UK And secondly how is it levied So if you take a look at this transparency you ll see that contrary to popular opinion UK personal taxation is both simple and relatively low There are two rates 25 on taxable income up to 23700 and 40 on income above this figure You ll notice I say taxable income as like most countries there are a series of deductions and allowances which can be taken into account before arriving at your net taxable income figure The major one relates to the status of the individual a single person s allowance at present stands at 3295 while a married person s allowance is currently 5015 At this point I should mention that the government has recently introduced legislation which allows married couples to opt for separate taxation Other allowances or deductions which are common are firstly tax relief on private pensions At the moment this allowable up to 17 5 of total income to the age of 35 rising to 40 at above 60 years old Also the tax relief on mortgages or loans or buy a house here there is currently 7 tax relief on the interest payable to the bank or Building Society Right that covers the first part of my presentation I d now like to move on to how personal tax is levied The Inland Revenue obliges employers to operate a PAYE Pay As You Earn scheme which means the tax is deductible at source In other words by the employer before making out the monthly salary check or bank transfer to the employee The tax is then collected direct from the employer At the same time I should mention that the employer is obliged to deduct National Insurance from the employee s salary the employee s contribution being roughly 9 of income the employer s ranging from 5 to 10 These are approximate figures as it is also income related Right ladies and gentleman that covers the broad picture I m sure you d like to ask me for some specific details Part III Should I buy an insurance policy I Exercise A Keys insurance policy save money buying a house Exercise B Keys 1 A a fixed objective in mind how much to pay each month B a fixed objective each month in mind how much to produce over some years 2 No regular dependents no need Questions A accumulate capital expand business end of term B saving to produce a pension Tapescript J Mr Jackson I Insurance salesman J Erm From your experience can you say what what age it is that people normally like to have a a lump sum J Fifty or something like that I Varies entirely according to their needs I mean if you take someone in er a self employed position say a shop keeper Yes Erm J He would want to develop his business perhaps at a certain time I Yes I mean he he he may he may well have two needs One he may be he will want to accumulate money over a fairly short term say fifteen years Mm so that at the end of fifteen years he has the capital and by that stage he will have the experience from working in a business to expand it Yes Alternatively his second need may be something in th need of a pension Yes He unlike employees hasn t got a compulsory pension scheme and he may want a system of saving which is going to produce for him a pension when he feels he would like to retire J Yes So er I suppose in my case I m not not self employed perhaps it might be something like er the needs of the children at a certain age I mean children who are coming into adolescence for example I Yes Mm J They they have a lot of needs then Clothing perhaps education er Yes Ind this sort of thing I Indeed When you get married you will find that you know a number of needs come up to do with life insurance erm on what we call the life cover side Yes Erm in other words the amount that your wife and children would receive from an insurance company in the event of your dying Yes But at the moment as a single man you have no need for this type of policy you see and any savings scheme Part V Do you know Keys 1 5 T F F T T Tapescript A How do prices in Iceland compare with those in the UK I ve heard that it s an expensive country B Yes it always has been but at the moment the pound is quite strong against the krona so things like eating out in restaurant and staying in hotels are cheaper than they used to be But eating out is still quite expensive and drinks cost about twice as much as they do in the UK a bottle of wine in a restaurant is extremely expensive But I don t m