Let’s start with the 2015/2016 annual personal allowance (ie the maximum amount of money that can be earned this tax year without paying any tax). The limit this tax year is £10600 and it covers all types of income. It is just one allowance per year per individual. This means a maximum tax-free salary of … Continue reading
Short post – Just in case you are wondering what you might be entitled to at pensionable age based on your existing national insurance contributions, the link to finding out is above or just copy and paste this if clickable links don’t agree with you: https://www.gov.uk/state-pension-statement.