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income from interest
Comments
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the 10% tax band of £2320 applies to savings (only) over the threshold of £60350
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AIUI, the first £2,090 of taxable savings income (i.e. from £6,036 to £8,125 or thereabouts) will be taxed at 10%."The trouble with quotations on the Internet is that you never know whether they are genuine" - Charles Dickens0
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http://www.hmrc.gov.uk/rates/it.htm
There will be a new 10% starting rate for savings income only, with a limit of £2320. If an individual’s taxable non-savings income is above this limit then the 10% savings rate will not be applicable.
it only applies to savings income - if you have earned income then the 10% doesnt apply at all0
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