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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Personal Allowance
I attempted the March/June 2016 past paper question 2 (on income tax), and noticed that the personal allowance was $10,000 rather than $10,600. Can someone please explain why. I know that the personal allowance for 2014/2015 was $10,000, could it be that the solution is not updated?
The personal allowance changes each year. The $10,600 is what applies for the current year.
Thanks
