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Interest earned on savings
MODonnell_2
Posts: 1 Newbie
In the March Budget Osborne announced that you could earn up to £1000 a year in interest on savings before you would have to pay any tax on it. Does anyone know if this got dropped in the latest budget or when it is due to come into effect?
Many thanks
Many thanks
0
Comments
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It comes into effect for the 2016/17 tax year.0
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The latest budget didn't change it, but it's not coming in until next tax year (i.e. from April 2016):
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/414026/Savings_factographic_final.pdf0
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