Autumn Budget 2018 - Savings - allowance and tax rate

441
Views

The 0% band for the starting rate for savings income will be retained at its current level of £5,000 for 2019/20 and will not be up-rated in line with inflation.

For 2019/20, the personal savings allowance will remain at £1,000 for basic rate taxpayers and £500 for higher rate tax payers.

Individual Savings Account (ISA) and Child Trust Funds annual subscription limits:
The ISA subscription limit for 2019/20 will remain unchanged at £20,000.

The annual subscription limit for Junior ISAs and Child Trust Funds for 2019/20 will be increased  in line with the Consumer Prices Index to £4,368.

Rate:
 
Added By: Sue Taylor on 01st Nov 2018 - 12:56
Last Updated: 01st Nov 2018 - 17:00

Number of Views: 441
Got A Question?

If our news items leave you with a question you need answering, let us know using one of the following:

  1. Call us on 01252 522221
  2. Email us
  3. Use our enquiry form
  4. Use the comments form below

We're happy to help.