Abolishing the 10% rate of tax on savings income - a fact sheet
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
This fact sheet provides information on how the new 0% rate works and who will benefit.
PDF, 136KB, 2 pages
This file may not be suitable for users of assistive technology. Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email firstname.lastname@example.org. Please tell us what format you need. It will help us if you say what assistive technology you use.
The government announced at Budget 2014 that from April 2015, it is abolishing the 10% ‘starting-rate’ of tax for savings income and replacing it with a new 0% rate. The government will also increase the band of savings income that is subject to the new 0% rate to £5,000.
This 2-page fact sheet provides information on how the new 0% rate works and who will benefit.