Differences between tax credits, reliefs and exemptions
What are tax exemptions?
You may be exempt from paying tax on certain types of income you receive. You must meet certain conditions to qualify for an exemption. The exemption covers all your income from a specified source, or up to a specified amount.
The exemptions you can claim depend on your personal situation. You can find them the different sections of Personal tax credits reliefs and exemptions. For example:
Next: What are tax reliefs?