## 

|                                    |            | Tax       |         | Profit    |        | Rate               |
|------------------------------------|------------|-----------|---------|-----------|--------|--------------------|
| Corporation tax                    |            |           |         |           |        |                    |
|                                    |            |           |         |           |        |                    |
|                                    |            |           |         |           |        |                    |
| On policyholders' share of profits |            |           |         |           |        |                    |
|                                    |            |           |         |           |        |                    |
|                                    |            |           |         |           |        |                    |
| 2016                               |            |           |         |           |        |                    |
|                                    |            |           |         |           |        |                    |
|                                    |            |           |         |           | 20.00% |                    |
| 2017                               |            |           |         |           |        |                    |
|                                    |            |           |         |           |        |                    |
|                                    |            |           |         |           | 20.00% |                    |
|                                    |            |           |         |           |        |                    |
|                                    |            |           |         |           |        |                    |
| Tax on policyholders' profit       |            |           |         |           |        |                    |
|                                    |            |           |         |           |        |                    |
|                                    | nil        |           |         |           |        |                    |
| (A8)                               |            |           |         |           |        |                    |
| nil                                |            |           |         |           |        |                    |
|                                    |            |           |         |           |        |                    |
|                                    |            |           |         |           |        |                    |
| On shareholders' profits           |            |           |         |           |        |                    |
|                                    |            |           |         |           |        |                    |
|                                    |            |           |         |           |        |                    |
| 2016                               |            |           |         |           |        |                    |
|                                    |            |           |         |           |        |                    |
|                                    | 21,016.20  |           | 105,081 | 20.00%    |        |                    |
| 2017                               |            |           |         |           |        |                    |
|                                    |            |           |         |           |        |                    |
|                                    | 60,957.70  |           | 320,830 | 19.00%    |        |                    |
|                                    |            |           |         |           |        |                    |
| Tax on shareholders' profits       |            |           |         |           |        |                    |
|                                    |            |           |         |           |        |                    |
|                                    | 82,063.90  |           |         |           |        |                    |
| (A8)                               |            |           |         |           |        |                    |
| 425,911                            |            |           |         |           |        |                    |
|                                    |            |           |         |           |        |                    |
|                                    |            |           |         |           |        |                    |
| Tax before DTR                     |            | 82,063.90 |         |           |        |                    |
|                                    |            |           |         |           |        |                    |
| DTR relief                         |            |           |         |           |        |                    |
| (B)                                |            |           |         |           |        |                    |
| (1,112)                            |            |           |         |           |        |                    |
|                                    |            |           |         |           |        |                    |
|                                    | (3,556.10) |           |         |           |        | Income Tax set off |
|                                    |            |           |         |           |        |                    |
| Corporation tax liability          |            |           |         |           |        |                    |
| 77,395.80                          |            |           |         |           |        |                    |
|                                    |            |           |         |           |        |                    |
|                                    |            |           |         |           |        |                    |