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personal savings allowance

How Does The Starting Rate Band For Savings Income Work

How Does The Starting Rate Band For Savings Income Work?

Considers the operation and practical implications of the income tax starting rate band for savings. The starting (savings) rate band for interest income is one of the most difficult concepts for taxation students (and some tax qualified professionals!) to understand, so it is not a surprise that most taxpayers without detailed technical tax teaching, do […]

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tax free savings income

Tax-Free Savings Income

There are various ways to enjoy savings income tax-free. However, not all routes are open to all taxpayers – the options depend on the nature of the savings and the saver’s other earnings and marginal rate of tax.   Savings Allowance Basic and higher rate taxpayers are entitled to a savings allowance. The allowance is

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