[ravacca]

Hello. I would appreciate your help. I’m writing in March 2018. Can you provide a contact for what’s app where we can communicate. Thanks.

[ravacca]

Hi Tutor,

For Accrued income scheme, exam tip says consider saving income NIL rate band.

Is is that the interest from securities can only be relieved with savings income NRB or would it be covered by the savings £5, 000 Starting rate band also? 

If interest on securities is £7,000. and its a basic rate tax payer with only interest income from the security. 

How much relief would this tax payer get.  Would he get £5,000 starting rate band, NRB £1,000. or both? 

Thanks 

[ravacca]

Hello,

March 2018 exams will test Finance Act 2016.
Personal allowance for finance act 2016 is 11,000

I would advise you also visit the link to ACCA with posted rates and allowances for the entire syllabus which I have included for you below

https://www.accaglobal.com/an/en/student/exam-support-resources/fundamentals-exams-study-resources/f6/technical-articles/finance-act-2016.html

[ravacca]

Which exam session are you both studying towards?

[Author]

Posts