Greg Finch

Thank you - very helpful

To clarify, are a deceased personal tax and savings allowances pro-rated to the time of death within the tax year, or do they remain intact at the full amount allowed for the whole tax year?

I am carrying out estate administration for an elderly deceased relative who had been in receipt of pensions and savings income, who died about 9 months into the current tax year. For purposes of calculating any tax due for the full year, how are the £5,000 starting rate for savings and £1,000 personal savings allowances treated. Is the full annual amount allowed, or is it a reduced amount? (I would also appreciate an answer to the same question for the £12,570 personal tax allowance. Thanks