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Personal Savings Allowance
red_debs
Posts: 34 Forumite
Hi Can anyone advise me? My elderly parents either pay no tax or very little as their income is low. With the new personal savings allowance how much of their savings interest will be tax free?
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Comments
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Nil, at source0
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It might be some, it might be all of it. Without knowing exact numbers, it is impossible to say. All the information you need is here: https://www.gov.uk/government/publications/personal-savings-allowance-factsheet/personal-savings-allowance0
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