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Trying to understand the new Savings Allowance & the 5K Dividend Allowance
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Dazed_and_confused wrote: »
The reason for this is that it transpires that the personal allowance can be allocated as you desire so,
PA 11000 is split 2994 to dividends and 8006 to savings interest.
That leaves savings interest of 3164 and dividends of 5000 to be taxed.
3164 x 0% = 0 (savings rate band)
5000 x 0% = 0 (dividend rate band)
Can the personal allowance be split between my savings interest and dividend income or is the jury still out on that one?
Very confusing all this!0
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