|
|
Tax free pay |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Tax free payA person's allowances less deductions.The main allowance for UK taxpayers is the 'personal allowance'. In the tax year 2003-2004 the personal allowances are:For people 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: £1,510Similar MatchesRiskless or risk free assetRiskless or risk free assetAn asset whose future return is known today with certainty. The risk-free asset is commonly defined as short-term obligations of the US government. FreeholderFreeholderOwner of the freehold on the property. Free riderFree riderA follower who avoids the cost and expense of finding the best course of action simply by mimicking the behavior of a leader who made these investments. FreeholdFreeholdThe permanent ownership of land or buildings which can be legally passed on to heirs and the most usual form of ownership for houses. Also known as property that is held in 'fee simple'. Free trade zoneFree trade zoneAn export processing zone. Further SuggestionsFreeze outFree exit Free rider Refreezing Free zone Free Carrier (FCA) European Free Trade Association Free capital markets Free port Duty-free Free enterprise Risk Free Interest Rate Free on board (FOB) Freeware Risk free asset free assets North American Free Trade Agreement (NAFTA) Latin American Free Trade Association Emerging Markets Free index (EMF) Free reserves Free trade area Free entry Morgan Stanley Capital International Pacific Free index Economic freedom Unfreezing |
|
|
|