What is the personal tax allowance for 2020 2021?
Everyone, including students, has something called a Personal Allowance. This is the amount of money youre allowed to earn each tax year before you start paying Income Tax.For the
Everyone, including students, has something called a Personal Allowance. This is the amount of money youre allowed to earn each tax year before you start paying Income Tax.
For the 2022/23 tax year, the Personal Allowance is £12,570. If you earn less than this, you usually wont have to pay any income tax.
Your Personal Allowance might be bigger if you claim Marriage Allowance or Blind Persons Allowance. Or it might be smaller if youre a high earner or if you owe tax from a previous tax year.