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Official HMRC Interest rates down
jonesMUFCforever
Posts: 28,898 Forumite
in Cutting tax
Got an updated tax coding in post today.
Anyone subject to beneficial loan charge should get a higher code as official rate is down to 3.25% from 4%.
Obvious question to ask is of course is why it has been so high since 2010?
Why is being reduced now (or to be exact April 2014)?
I will get about £100 per year extra in my pay packet - every little helps
Anyone subject to beneficial loan charge should get a higher code as official rate is down to 3.25% from 4%.
Obvious question to ask is of course is why it has been so high since 2010?
Why is being reduced now (or to be exact April 2014)?
I will get about £100 per year extra in my pay packet - every little helps
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