Silver
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RE: Starting Rate For Savings
Why is the above correct? It looks wrong to me. If Simon Jones is earning £12,570 that uses up all his Personal Allowance. So he should have £5,000 starting rate for savings and £1,000 personal savings allowance still available. Therefore tax on his savings income would start after £6,000 (not at £17,570 as stated) surely? Alternatively, if you take it to mean would he start paying tax after £17,570 combined earning and interest, this is still wrong - as it would be anything over £18,570.