English version

personal allowance in Tax topic

From Longman Dictionary of Contemporary Englishpersonal allowanceˌpersonal alˈlowance noun [countable] 🔊 🔊 British EnglishPET the amount of money that you can earn each year before you must pay income tax
Examples from the Corpus
personal allowanceUnder this there will be a basic personal allowance topped up by premiums for certain groups.As with the personal allowance, older people enjoy a more generous married couple's allowance.But however large your income, your personal allowance can never be reduced below the basic personal allowance.