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Tag: Personal Allowance

Alextra Accountants
Taxation Of Savings – What Can You Have Tax-Free?
There is no one answer to the amount of savings income and, for 2017/18, the answer can range from £0 to £18,650, depending on personal circumstance. When looking at tax-free savings, there are a numb...
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Alextra Accountants
Keeping The Personal Allowance
High earners may find that they lose their personal allowance. This may land them with an unexpected tax bill if their earnings for a tax year are higher than expected (for example as a result of a su...
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Alextra Accountants
Keeping Your Full Personal Allowance
The basic personal allowance of £10,600 for 2015/16 is reduced where a person has income in excess of £100,000. It is reduced by £1 for every £2 of income over this limit until the allowance is nil. T...
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