What Is the Single Persons Tax Allowance?

Answer

Basically, a single person gets a tax allowance of £ 7,475. In the UK, every person has some tax allowances, which they can make use of to set off against some tax liabilities that they may incur during a financial year.
3 Additional Answers
The house allowance of a single person is rated to be about £6,475. All tax allowances are however the same. For those earning over £100,000, they are deducted £1 of tax allowance for each £2 of excess income.
The basic allowance for most people under the age of sixty five is £7,475 for the tax year 2011/12. Those who fall between the ages of sixty five and seventy four receive a basic allowance of £9,940 while those over the age of seventy are given £10,090. These amounts may vary depending on the amount of income that an individual receives.
The single person tax allowance is £6,475. This tax allowance is similar to that of the married and those in a civil relationship. One can also claim an attendance and care’s tax allowance.
Q&A Related to "What Is the Single Persons Tax Allowance"
1. Determine that you were not legally married as of December 31 of the tax year. If you were legally married, determine that you were legally separated under a separate maintenance
http://www.ehow.com/how_9177_file-taxes-single.htm...
You as the employee will pay 7.65% (actually 5.65% right now due to FICA tax break) and then you as the employer the S-Corp will pay 7.65% on the wages you pay yourself from the S-Corp
http://www.quora.com/What-are-social-security-taxe...
money that does not have to be paid.
http://wiki.answers.com/Q/What_is_a_'personal_allo...
The basic tax allowance I believe is £4740. If you have a recent payslip, check your tax code. If it's 474L for example, it means your allowance is £4740.
http://uk.answers.yahoo.com/question/index?qid=200...
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