How much Tax will be on £250,000?

oldfella

10% savings tax rate will only apply if you dont have earned income

Stompa

oldfella wrote: »

10% savings tax rate will only apply if you dont have earned income

Are you sure about that?

KingKenny

oldfella wrote: »

10% savings tax rate will only apply if you dont have earned income

That would make sense, as i can only assume, but i bet the personal allowances will go up so to compensate for the loss of the 10% tax break.

This would be a crowd puller for Brown, with an election coming over the horizon?

oldfella

Quote:

10% savings tax rate will only apply if you dont have earned income

Are you sure about that?

sorry - yes - there was a lot of comment after the budget how much savers would loose

Stompa

oldfella wrote: »

10% savings tax rate will only apply if you dont have earned income

Are you sure about that?

sorry - yes - there was a lot of comment after the budget how much savers would loose

Thanks. It's explained in more detail here:

http://www.thisismoney.co.uk/retirement/article.html?in_article_id=419094&in_page_id=6