Over the years we have seen the introduction of a range of income tax-related personal allowances.
In this video, Technical Connection technical consultant Niki Patel provides a run-through of the main personal allowances clients stand to benefit from.
She discusses the personal allowance for 2019/20 of £12,500, how it works for those with 'adjusted net income' of over £100,000, and the planning opportunities for those earning above this amount.
She also explains the personal savings allowance and dividend allowance, and the similar sounding but distinct married couple's allowance and the marriage allowance.
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