04 - Income from Savings & Investments Flashcards
(6 cards)
1
Q
What is and example of savings income?
A
Bank interest received
2
Q
What is an example of investment income?
A
Dividends
3
Q
Does savings income tax come before or after non-savings income tax?
A
After
4
Q
Where does dividend income come in the hierarchy of, savings income tax and non-savings income tax?
A
at the very end, it is taxed last
5
Q
What are the two types of tax free savings income?
A
National savings and Investments (NSI) certificates & Individual savings accounts (ISA)
6
Q
A
