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BUS 167 > Seminar 2: Personal Allowance and Gift Aid > Flashcards

Seminar 2: Personal Allowance and Gift Aid Flashcards

1
Q

What is the personal allowance

A

£12570

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2
Q

What happens to personal allowance when income exceeds £100000

A

PA reduced by £1 for every £2 income exceeds £100000

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3
Q

What is the PA when income exceeds £125140

A

£nil

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4
Q

How much of the PA can be transferred to a spouse or civil partner

A

10%

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5
Q
A
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BUS 167 (4 decks)

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