Statements (50)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
tax allowance
|
| gptkbp:administeredBy |
gptkb:HM_Revenue_&_Customs
|
| gptkbp:allowanceForAdditionalRateTaxpayers |
£0
|
| gptkbp:allowanceForBasicRateTaxpayers |
£1,000
|
| gptkbp:allowanceForHigherRateTaxpayers |
£500
|
| gptkbp:appliesTo |
gptkb:United_Kingdom
gptkb:open-ended_investment_companies peer-to-peer lending bank accounts savings accounts government bonds corporate bonds trust funds interest income unit trusts building society accounts credit union accounts payment protection insurance payouts some life annuity payments some life insurance gains |
| gptkbp:eligibility |
UK resident individuals
non-trustees not available to companies not available to non-residents not available to partnerships not available to trusts |
| gptkbp:excludes |
dividends
Lottery winnings ISA interest NS&I tax-free products Premium Bond prizes |
| https://www.w3.org/2000/01/rdf-schema#label |
Personal Savings Allowance
|
| gptkbp:interestPaidGrossSince |
April 2016
|
| gptkbp:interestReportedByBanksTo |
gptkb:HMRC
|
| gptkbp:introducedIn |
2016
|
| gptkbp:relatedTo |
gptkb:Income_Tax
Individual Retirement Account Dividend Allowance Savings income Starting rate for savings Tax-free savings |
| gptkbp:replacedBy |
tax deduction at source on savings interest
|
| gptkbp:reportsTo |
Self Assessment if tax due
|
| gptkbp:taxOnInterestAboveAllowance |
20% for basic rate
40% for higher rate 45% for additional rate |
| gptkbp:taxYearAppliesFrom |
2016/17
|
| gptkbp:taxYearAppliesTo |
present
|
| gptkbp:bfsParent |
gptkb:Individual_Retirement_Account
|
| gptkbp:bfsLayer |
7
|