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Personal trust |
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Personal trustAn interest in an asset held by a trustee for the benefit of another person.Personal trust Similar MatchesPersonal allowancePersonal allowanceTax 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 accident and sickness insurancePersonal accident and sickness insuranceAn insurance policy similar to personal accident insurance with the additional benefit of cover against disablement due to sickness. Personal pensionPersonal pensionA structured personal savings and investment plan to provide for your financial needs after you retire. You can use some or all of the proceeds from a personal pension to pay off an interest-only mortgage. You will need to arrange life assurance separately to a personal pension. Personal propertyPersonal propertyAny assets other than real estate. Personal accountsPersonal accountsA company's sales accounts of customers contained in the sales ledger and purchase accounts of suppliers contained in the purchase ledger are also known as personal accounts. Further SuggestionsPersonal Property Loanpersonal pension scheme personal income Personalization group personal pension umbrella personal liability insurance Personal article floater general personal equity plan Personal Investment Authority personal pension plan Personal inflation rate Personal income personal loan personal accident insurance personal exemption personal identification number appropriate personal pension plan Umbrella personal liability policy Personal tax view (of capital structure) Personal exemption personal ledger personal possessions additional personal allowance Personal search personal equity plan |
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