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Personal Savings Allowance

Posted: 15th Mar 2016 by Robert Salenius Taxation
Personal Savings Allowance

Change to Personal Savings Allowance A new nil rate of tax for savings income (eg interest) applies to individuals from 6 April 2016. Each individual now has an annual savings allowance of £1,000, unless they have any higher‐rate income for the year (in which case their allowance will be £500) or any additional‐rate income (in… Read more