Personal Savings Allowance
Posted: 15th Mar 2016 by Robert Salenius Taxation![Personal Savings Allowance](https://www.hghyork.co.uk/wp-content/uploads/2016/03/pound-sign-615x372.jpg)
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