Under this there will be a basic personal allowance topped up by premiums for certain groups.
Now you can invest all of the basic £6,000 a year allowance in unit or investment trusts.
But subscribers who use the basic allowance for other services could end up paying several dollars a month more to the service provider.
The basic allowance is set as a proportion of the income with upper and lower limits.
It will provide a basic allowance with additional elements for children, disability, housing and caring.
Everybody gets the basic personal allowance, but if you're 65 or over and your taxable income is below certain levels the rate increases.
You'll always get the basic allowance, whatever the level of your income.
However, you can't get less than the basic allowance so you'll get £7,475.
A basic daily allowance of about 25 € goes to any person looking for employment.
The basic allowance is completely financed by the state.
