can someone please explain to me the statement below preferably with an example.
"The personal allowance
The first allowance is an annual limit which allows an individual to obtain tax relief on
contributions up to £3,600 per annum or their full taxable UK earnings if higher."
"The personal allowance
The first allowance is an annual limit which allows an individual to obtain tax relief on
contributions up to £3,600 per annum or their full taxable UK earnings if higher."