Usually means: Exempt amount from taxable income.
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We found 11 dictionaries that define the word Personal allowance:

General (7 matching dictionaries)
  1. personal allowance: Longman Dictionary of Contemporary English
  2. personal allowance: Collins English Dictionary
  3. personal allowance: Cambridge Advanced Learner's Dictionary
  4. Personal allowance: Wikipedia, the Free Encyclopedia
  5. personal allowance: TheFreeDictionary.com

Business (4 matching dictionaries)
  1. personal allowance: Finance-Glossary.com
  2. personal allowance: Legal dictionary
  3. BusinessDictionary.com (No longer online)

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Definitions from Wikipedia (Personal allowance)

▸ noun:  In the UK tax system, personal allowance is the threshold above which income tax is levied on an individual's income.


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