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It is likely the allowance will be handed to fewer than 2000 staff at Barclays.
The allowance will be lost altogether for those with income above £140,000.
The allowance will be halved for people whose income is between £100,000 and £106,450 at a rate of £1 of allowance for every £2 of income.
At the moment ministers are only saying the allowance will be available before the age of 55 to encourage people to engage with their retirement planning early.
For properties worth more than £2m, the allowance will be gradually tapered away, so that those with homes worth more than £2.35m do not benefit at all.
The government says the allowance will be removed in October 2012 because it duplicates money already allocated by local authorities to care homes to fund transport.
Similar(49)
The allowances will be mostly free for the first three years of the program, with the overall total of allowed emissions declining by 2 percent a year during that time.
One of the most controversial issues in the ETS is the question of how the allowances will be distributed.
This 17% is drastically different from the suggestions that 70%, 80%, or more of the allowances will be given freely to private industry in a "massive corporate give-away".
From 2018, that allowance will be indexed to the consumer prices index (CPI) and will therefore start to rise again.
According to Patricia Mock of accountants Deloitte, some of the gain from increases in the personal allowance will be clawed back in the form of higher NI contributions.
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CEO of Professional Science Editing for Scientists @ prosciediting.com