ACCA Practice Test & Exam Prep

For 2025/26, by how much is an individual's personal allowance reduced once adjusted net income exceeds £100,000?

£1 for every £2 of income above £100,000 £1 for every £1 of income above £100,000 £1 for every £2 of income above £125,140 It is not restricted until income exceeds £125,140

Correct Answer:

£1 for every £2 of income above £100,000

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