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
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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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