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loss of personal allowance

loss of personal allowance

If your income is at the threshold where you start to lose the personal allowance,  can a gift aid contribution bring your income back below the threshold in order to retain the full personal allowance?

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23rd Jan 2012 09:22

in a word

yes, as can pension contributions.

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23rd Jan 2012 12:46

yes

the gross contributions are deducted from the income before tapering away the PA

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