CH 3 - The Taxation of Interest Flashcards
1
Q
When is it beneficial to allocate part of PA to Savings income instead NSI?
state bands
A
When NSI is more than BRB (£37,700)
but less than (BRB + PA) (£50,270)
& has savings income in excess of £500 (higher rate tax payer)
PA is allocated in a way so NSI is equal to BRB (£37,700)
