Guidance

The starting rate of tax for savings: guidance

This gives information about changes to the starting rate of tax on savings as announced at Budget 2014

Documents

Details

From 6 April 2015 the starting rate of tax for savings income (such as bank or building society interest) will be reduced from 10% to 0%, and the maximum amount of taxable savings income that can be eligible for this starting rate will be increased from £2,880 to £5,000.

Published 19 March 2014