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What is the personal allowance?
Find out more about your personal allowance and how it impacts the tax you pay.
By MoneyPlus Features Team
November 14, 2024
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If you’d like more information about how the personal allowance works, you can take a look at MoneyHelper.
The information here is based on our understanding in November 2024 and shouldn’t be taken as financial advice.
A pension is an investment and its value can go down as well as up and may be worth less than was paid in.
Your own personal circumstances, including where you live in the UK, will have an impact on the tax you pay. Laws and tax rules may change in the future.
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