Ckchin
-
Deduction of Personal allowance
Hello Would like to ask if I have contribute part of my gross income to Pension that make the remain (Gross - Pension) is less than 100K pound annually, then if there is any reduction in my personal allowance? Thanks Freddie -
Personal allowance
Hello I heard that if the annual income is over 100K£, Every additional earned 2£ will with 1£ deduction in personal allowance that if anyone make 125140, the personal allowance (if it's 12570) will become zero for the year). If that deduction is per taxable income or gross income that is if I will contribute 60K pounds of my incomes to my pension as long as the taxable income (gross income with subtraction from pension and any other legal deduction) is less than 100K £, if there will be NO personal allowance deduction for the year? Thanks Regards