ylangsr

Hi, Could someone advise at all please? Thank you and regards,

Hi, Wonder if you could clarify on the following calculation. I have a calculation coming as following from the HMRC website for tax return 2023-2024. Below the numbers PAYE 9100 expenses of 345. dividend 1670 and saving 5170 and personal allowance is 12570. Total income on which tax is due £3,025.00 Then I can read "How we have worked out your income tax Amount Savings interest from banks or building societies, securities etc. Starting rate £2,025.00 x 0% £0.00 Income Tax charged after allowances and reliefs £0.00 Income Tax due 0. Can you explain how did they come up with the £2025. Would that be £3025 minus £1000 saving allowance? If that is the case when is the dividend allowance taken? I cannot see any mention of it? Many thanks.