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HOW YOUR PERSONAL ALLOWANCE AFFECTS THE TAX YOU PAY!

Personal allowance and tax code

Personal allowance and tax band explained. The Personal Allowance is the amount of income everyone is entitled to receive free of tax each year. the amount for the tax year 2018/19 is £11,850. Every individual living in the UK is entitled to a personal allowance. If it is not fully used, then the unused allowance cannot be carried […]