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How much savings is tax free 2024?

Scarlett Wilson | 2023-05-07 10:09:25 | page views：1770
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Benjamin Kim

Works at the Global Health Initiative, Lives in New York, NY, USA.
Every basic rate taxpayer in the UK now has a Personal Savings Allowance of --1,000. This means that the first --1,000 of savings interest earned in a year is tax-free. If you are a higher rate taxpayer (40%), then your allowance is --500, and 45% taxpayers have no savings allowance at all.
2023-05-08 10:09:25
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Lucas Rogers

QuesHub.com delivers expert answers and knowledge to you.
Every basic rate taxpayer in the UK now has a Personal Savings Allowance of --1,000. This means that the first --1,000 of savings interest earned in a year is tax-free. If you are a higher rate taxpayer (40%), then your allowance is --500, and 45% taxpayers have no savings allowance at all.
How are my savings taxed? - Savings - Guides | moneyfacts.co.uk
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