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peter_holmes
Posts: 1 Newbie
Just how will the new £1000 tax free interest allowance work for 2015/16??
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https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/414026/Savings_factographic_final.pdf
Further details tba in due course0 -
I currently don't have to fill in a tax return because my total income doesn't require it. As interest will be paid without tax deducted next April will I now have to make a return if my interest exceeds £1000?
I also get a small amount from dividends. Will dividends be paid free of tax? If not presumably a tax return will be necessary to take advantage of the new dividend tax free allowance.
I suspect life will now get more complicated next April.if i had known then what i know now0
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