Tax exempt income

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October 7, 2017 at 9:30 am #409747
bayu
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Which two of the following incomes are exempt from income tax??
1.interest on an NS&I investment account
2.premium bond prize
3.interest on UK Government stock(gilts)
4.dividends on shares held in individual savings account

Answer given:2,4.
Okay i know 3 cant be among the answers,but what about 1??
October 7, 2017 at 3:09 pm #409779
Tax Tutor
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You are confusing NSI investment account with NSI certificates – have you worked through the OT course notes and lectures for chapter 2?
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