Starting rate for savings
The starting rate for savings is a 0% rate of tax which can apply for up to £5,000 of savings income. It only applies if your non-savings and non-dividend income is below a certain threshold.
The starting rate for savings is a 0% rate of tax which can apply for up to £5,000 of savings income. It only applies if your non-savings and non-dividend income is below a certain threshold.
If you get paid interest on your savings, you need to understand whether you need to pay tax on it. On this page, we explain how interest is taxed and how that tax is then collected by HMRC.
If you have joint savings (or shares), make sure you understand how the income is split between you for tax purposes.
Capital gains tax is a complicated subject, so we provide an introduction only. We do cover the main issues, though, and signpost you to where you may find extra help.
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