General personal equity plan

 

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General personal equity plan

See 'personal equity plan'.



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Personal allowance

Personal allowance

Tax allowances are concessions by the Inland Revenue which can be used to reduce a person's Taxable Income. The main allowance for UK taxpayers is the 'personal allowance'; which is an amount of income that is tax free. In the tax year 2003-2004 the personal allowances are:Under 65: £4,61565-74: £6,61075+: £6,720The personal allowances for elderly people are reduced if their total income exceeds £18,300, and the amount of the reduction if £1 for every £2 of the excess. So someone aged 68 with Total Income of £18,700 would get a personal allowance of £6,610 less £200 = £6,410.Other allowances are:Married Couple's Allowance: only available to couples where one person is 65 or overBlind Person's Allowance: £1,510


Personal article floater

Personal article floater

Insurance policy attachment designed to cover specified personal valuables.


Personal Property Loan

Personal Property Loan

A loan which is secured by both real and personal property. The minimum ratio of personal to real property is set by law. The credit of the borrower is a major consideration in making the loan.


Personal Investment Authority

Personal Investment Authority

A Self Regulating Organisation (SRO) authorised by the Financial Services Authority (FSA) which regulates the majority of companies conducting investment business with private investors in the financial services market.The PIA replaced FIMBRA and LAUTRO and some activities of IMRO and the SFA in 1994.All regulatory functions of the PIA were taken over by the Financial Services Authority (FSA) in December 2001.


Umbrella personal liability insurance

Umbrella personal liability insurance

In the US, liability insurance giving excess cover over and above that cover provided by other policies. For example if general policies give total liability insurance cover of $400,000, an umbrella policy could typically provide cover of $1 million. If a claim of $700,000 were made the umbrella policy would pay out only after the $400,000 has been first exhausted.


Further Suggestions

personal accident and sickness insurance
Personal income
personal identification number
additional personal allowance
Umbrella personal liability policy
Personal search
Personal inflation rate
personal loan
Personal exemption
personal equity plan
personal accounts
Personal pension
Personal tax view (of capital structure)
Personal property
personal income
Personalization
personal pension scheme
personal accident insurance
personal ledger
personal possessions
appropriate personal pension plan
group personal pension
personal exemption
personal pension plan
Personal trust


 
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