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Can someone tell me hoe to calculate net rate interest on a Notice account
chicago76
Posts: 5 Forumite
How would I calculate the net rate interest on a notice account that has an AER of 3.7% and I'm a basic tax rate payer of20%
0
Comments
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Hi,
It's around 2.96% I think???
Ade.0 -
How would I calculate the net rate interest on a notice account that has an AER of 3.7% and I'm a basic tax rate payer of20%
That's a bit of luck. You were a higher rate payer yesterday.How do I calculate my net rate interest on a notice account that has an AER of 3.7% and I'm a high rate tax payer of 40%0 -
3.7% * (100% - 20%) = 3.7% * 80% = 2.96%0
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