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Income tax comp

This topic has 1 reply, 2 voices, and was last updated 7 years ago by Tax Tutor.

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April 10, 2017 at 2:25 pm #380792
determined016
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So Sir if the NS was 5000 or less then the Savings @ 0% would be $1,000.00?
April 12, 2017 at 2:20 pm #381031
Tax Tutor
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No you are mixing up 2 things here – the 0% starting rate band for savings income which is only available if the NS income is less than £5,000 and then the savings income nil rate band which is £1,000 if the taxpayer is a basic rate taxpayer
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