Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Personal allowance definition


Personal allowance is the amount of income a person can receive without being taxed.

Personal allowance definition

Personal allowance is the amount of income a person can receive without being taxed.

In the UK, personal allowance is the threshold above which income tax is levied on your income. Any income earned up to the personal allowance level is untaxed, no matter how much you earn. Individual circumstances may have an effect on the size of your personal allowance, however.

In addition to your personal allowance, UK residents can also get relief on income tax by using tax wrappers, such as an ISA or a SIPP. These products allow you to invest up to a certain limit with various levels of relief from income tax.

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