Tax-free savings income in 2024/25
Up to certain limits, it is possible to enjoy some savings income tax-free. The extent to which this is possible depends on the rate at which you pay tax; not all routes are open to all.
Personal allowance
If you do not fully use your personal allowance elsewhere, any balance not otherwise used can be set against your savings income, allowing it to be rec…
Keep reading with a 7-day free trial
Subscribe to Accounting Journal to keep reading this post and get 7 days of free access to the full post archives.