2014 Budget Savings Marginal Tax Rate Change

Published / Last Updated on 19/03/2014

If you have normal income up to the personal allowance (£10,000 2014/15 and £10,500 2015/16) and only savings investment income only up to £2880 then you pay 10% income tax.This is changing with effect of the 6th of April 2015. The limit will be increased to £5000 and the tax rate will be zero.

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