New Personal Savings Allowance from 6th April 2016…
We want to keep our members updated with anything finance related that may be of interest to them, or help them.
Here are some of the key points of the new personal savings allowance which may interest many of you, and a link to further information too…
- Up to £1,000 of income from savings (e.g. any credit interest earned) will be tax-free for basic rate tax-payers
- Higher rate tax payers will have a tax-free savings income of up to £500
- Additional rate tax-payers will not be entitled to any Personal Savings Allowance
For more information, please click here.