Allindividualsundertheageof65 areentitledtothepersonalallowanceof7475pounds.How...
Allindividualsundertheageof65 areentitledtothepersonalallowanceof7475pounds.Howeveriftheindividual'sadjustednetincomeexceeds100000pounds,thepersonalallowanceisreducedby1foreach2poundsuntilthepersonalallowanceisnil.