Business terms and jargon explained. Your business dictionary

What is Age Relief

This is an allowance that is given when you reach a certain age. This allowance usually retirement age gives an additional allowance or increases their personal tax allowance. This means that they can earn more before they have to pay tax. If their earnings are over the tax allowance then they will have to pay tax on the amount over the allowance. This overall reduces their tax liability.

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Continental Shelf	Arraignment	IMHO	Loan Agreement
Assumption	N150 Civil Court form	Net income	Age admitted
Patch	Registered Design	MBPS	Bereaved minor
Solvency	Beneficial loan	BRIC	Killer bee
Peso	Synergy	Firewall	Deliverable
Actuary	Joint Venture	Bluetooth	Advocate
Chief Rent	Zero rated	Pilot Operation	Internet Protocol Security - IPsec
Direct Costs	Continuous Supply Of Services	Insurance	Touch base
Inventory	Demilitarised Zone - DMZ	Re	Yard
Joint Application	Executor	Direct Representative	Compellable witness

Term created / updated 2006-05-20 07:39:21

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