SAIM1112 - Savings and investment income: tax on savings and investment income: starting rate for savings
Where an individual바카라 사이트™s non-savings income is less than the starting rate for savings limit, the savings income will be taxable at the 0% starting rate for savings up to the limit. From 6 April 2015 the limit is the individual바카라 사이트™s personal allowance plus the starting rate band of £5,000.
Where an individual바카라 사이트™s non-savings income exceeds the starting rate for savings limit, the starting rate for savings is not available.
Bank and building society interest is paid to individuals gross 바카라 사이트“ without deduction of basic rate income tax.
Individuals can claim a repayment if some of their savings income is taxable at the starting rate for savings but tax has been deducted.