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KembaraXtra – Legal Terms – Personal Allowances
Personal allowances are fixed sums deducted from an individual’s income before income tax is calculated.
The allowances reduce the amount of taxable income.
Additional allowances may apply to elderly persons or blind individuals.
Personal allowances are generally adjusted periodically in line with economic conditions or legislation.
Trustees and personal representatives are generally not entitled to claim personal allowances.
Personal allowances are fixed sums deducted from an individual’s income before income tax is calculated.
The allowances reduce the amount of taxable income.
Additional allowances may apply to elderly persons or blind individuals.
Personal allowances are generally adjusted periodically in line with economic conditions or legislation.
Trustees and personal representatives are generally not entitled to claim personal allowances.
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