If you are registered blind then, in addition to the standard single person’s allowance, you are also entitled to a blind person’s allowance which amounts to £1,980 for the tax year 2011-12. This will be increased to £2,100 for the tax year 2012-13. Continue reading Blind Person’s Allowance
Tag Archives: uk tax
UK Tax Allowances 2011-12
The UK tax allowances for 2011-12 were, to a certain extent, significantly increased from the previous tax year. The government had set a target of increasing the personal tax free allowance for individuals to be £10,000 but this would be introduced gradually over a number of years. The standard personal allowance was increased by a full £1000 from the previous tax year. Continue reading UK Tax Allowances 2011-12
Personal Allowance for High Earners
Before 6 April 201, everyone was entitled to the personal allowance so that they could earn the first tranche of their pay tax free. However for the tax year 2010-11, a cap was introduced for the tax free personal allowance that meant that people earning over £100,000 a year would either receive a reduced personal allowance or no personal allowance at all. Continue reading Personal Allowance for High Earners
UK Personal Allowance 2010
Each person is entitled to a personal allowance in each tax year to offset against their earnings. The personal allowance is an amount of money that they can earn before having to pay any tax.
The personal allowance varies from year to year and the increases are usually in line with the increase in the retail prices index. Continue reading UK Personal Allowance 2010