*Ostroff, Fair and Company>>>United Kingdom Taxes

Tax allowances?

Personal Allowance is 拢5035 for 2006-07 in UK

You did not ask which allowance you were interested in so below is a link to the HM Revenue and Customs site which has a table

http://www.hmrc.gov.uk/rates/it.htm...
personal allowance before tax is roughly 拢5000, so an OAP receiving just a pension pays no income tax!!

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