New Tax Allowance for Savings Income

From 6 April 2016 a 0% rate will apply to savings income of up to £1,000 and, in line with this, from the same date, banks and building societies will no longer deduct tax from the interest they pay to depositors who hold Non-ISA accounts. The introduction of the new Personal Savings Allowance (PSA) will … Continue reading New Tax Allowance for Savings Income