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 Accounting News & Insights

Latest Tax Club blog released: The Tax-Free Personal Allowance

6th June 2012

Generally speaking, all UK resident individuals and British nationals are entitled to an ‘income tax personal allowance’.  This refers to the amount of income that can be received each year ‘tax-free’.  Effectively, the allowance is deducted from net income and saves tax at the highest tax rate.

The amount of personal allowance that can be claimed depends on age and the total income in the tax year...

To read more visit http://wwtaxclub.blogspot.co.uk/2012/06/tax-free-personal-allowance.html


Accounting News & Insights

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Latest Tax Club blog released: The Tax-Free Personal Allowance

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