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Saving income NRB

Former userFormer user7y ago

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TTTax Tutor7y ago#1
Firstly apologies for delay in reply - and yes the question makes sense as hopefully will the answer! Not sure whether you are working through the OT notes and lectures but if you look in the notes - chapter 2, page 7, note 2.2(e), second bullet point: "The savings income nil rate band counts towards the basic rate and higher rate thresholds" In the examples that follow you will see how the savings income NRB uses up the relevant amount (1,000 or 500) of the 33,500 BRB
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