Annual Allowance definition

Annual Allowance means a deduction granted under section 12H(2) during any year of assessment in which a learner is a party to a registered learnership agreement;

Annual Allowance means the total allowance that might ultimately be applicable to a Dwelling per year; being the Threshold Amount and any applicable additional Allowance Amount that might also subsequently apply in respect of the Dwelling.

Annual Allowance means the maximum amount of pension savings that can be made in any one tax year.

Examples of Annual Allowance in a sentence

• If you are affected by either the Annual Allowance (the value of pension savings you can make each year), or the Lifetime Allowance (the total value of your pension savings), you may be eligible to receive a payment in lieu of the University contributing to a pension scheme.

• Once you start to take income from your flexi-access drawdown fund, you will be subject to the Money Purchase Annual Allowance.

• It is your responsibility to report to HMRC if you think you have exceeded the Annual Allowance.

• This is called the Money Purchase Annual Allowance and your pension provider should have told you.

• If you have flexibly accessed some or all of your pension benefits (from any source), your future Contributions will be restricted to the Money Purchase Annual Allowance.

More Definitions of Annual Allowance

Annual Allowance means £300,000 or such other amount as is prescribed by regulations made by the Treasury and, but without prejudice to section 26 of the Interpretation Act 1976, different allowances may be made for different provisions or purposes;53

Annual Allowance means any amount specified by the Treasury pursuant to the Act.

Annual Allowance means the total allowance provided to a Dwelling (or household) per year; the 213,000 litres per year Threshold Amount plus the 25,000 litres per year Allowance Amount (additional to the Threshold Amount) for each additional occupant above four as specified in the Water Services Act 2007 (Threshold Amount and Allowance Amount) Order 2017.

Annual Allowance means the maximum amount of pension savings that can be made in any one tax year. For the current tax year the annual allowance is £60,000.

Annual Allowance means £50,000 or such amount as is prescribed by regulations made by the Treasury;1

Annual Allowance. The annual County Allowance amount shall be three thousand and one hundred dollars ($3,100).

Annual Allowance a limited allowance of Crossings credited to your Local Residents’ Discount Scheme account determined by the rate/value then applicable on your Start or Renewal Date; “Annual Registration Fee” the non-refundable sum to be paid each year by you in order to be, and remain, admitted onto the Local Residents’ Discount Scheme as specified in the account application;