tax threshold
noun[C]
TAX,FINANCE,ACCOUNTINGukusthelevelofincomeormoneyearnedabove whichpeopleorcompaniesmustpaytax, or mustpayahigherrateoftax:
Thegovernmenthasannouncedarisein thetaxthresholdfor lower-paidworkers.
Whereinvestorsfallbelow theincometaxthreshold, there may becaseswhere they wouldpaynotaxat all ontheirfund.
You need toplanverycarefullyyourmixofearningsandinvestmenttostaybeneath thehigher-ratetaxthreshold.