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Tax on savings interest

Posted Tue, 12 Dec 2023 22:01:52 GMT by
Being a higher rate band my understanding is I have a £500 tax free savings allowance followed by 40% tax on any remaining interest earned, is this correct?
HMRC Admin 5 Response
Posted Tue, 19 Dec 2023 10:28:14 GMT by HMRC Admin 5 Response
Hi

Yes this is correct.

Thank you

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