Business Terms and Jargon Explained
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.
<- Go Back
Business Terms Home page
Search Jargon and Terms Database
A B C D E F G H I J K L M N
O P Q R S T U V W X Y Z
Term created / updated 2006-05-20 07:39:21
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.
Copyright © 2004-2021 Scopulus Limited. All rights reserved.