peterm22
-
RE: Starter Rate for Savings
I saw this page previously, but felt it was ambiguous. For the avoidance of doubt, please could you answer the question. -
Starter Rate for Savings
If you have no salary but get £17,000 per year in dividends and £18,570 in savings income. Would you pay no tax on your savings? £12570 personal allowance, £5,000 starter savings rate, £1,000 personal savings allowance. Is this correct, no tax on savings in this scenario? If this is not correct, how much tax on the £18570 on savings would be due? Thanks Peter