In the UK tax system, Personal Allowance is the level above which income tax is levied on an individual`s annual income. A person who receives less than his/her personal allowance in taxable income (such as earnings and some benefits) in a given tax year does not pay income tax; otherwise, tax must be paid according to how much is earned above th....
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http://en.wikipedia.org/wiki/Personal_allowance
The level of income above which income tax starts to be levied.
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http://www.encyclo.co.uk/local/20174
The amount of income that can be earned before the individual becomes liable to income tax. Personal allowances are set each year by the Chancellor in his annual budget.
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http://www.encyclo.co.uk/local/20194
Everyone is entitled to receive an amount of income before being liable to tax. For 1999/2000, the personal allowance is £4,335. For 2000/2001 is it £4,385.
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http://www.encyclo.co.uk/local/20949
Known as Personal Exemption in the US. The amount of income an individual can earn in a year before paying tax
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http://www.encyclo.co.uk/local/22643
Tax allowances are concessions by the Inland Revenue which can be used to reduce a person's... <a target=_blank href='http://www.finance-glossary.com/terms/personal-allowance.htm?id=1123&ginPtrCode=00000&PopupMode=false' title='Read full definition of personal allowance'>more</a>
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http://www.finance-glossary.com/pages/home.htm
The weekly allowance that the government states people in residential or nursing homes should receive.
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https://www.encyclo.co.uk/local/20141
Everyone is entitled to receive an amount of income before being liable to tax. For 1999/2000, the personal allowance is £4,335. For 2000/2001 is it £4,385.
Found on
https://www.encyclo.co.uk/local/20956
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