Received Gross or Net - Personal Tax

speckled_00speckled_00 Settling In NicelyPosts: 21Registered
Hi all

I'm studying personal tax at the moment and have my cba next Thursday and am completely confused on what is received gross and what is received net with regards to NS&I savings/investments/bonds etc etc.

There doesn't seem to be any rules on this or extensive lists to be able to learn.

Can anyone help me with this?

Thanks!!

Comments

  • piratepirate Trusted Regular Posts: 469Registered
    As far as I know all NS&I accounts the interest is paid gross this includes investments and easy access.
    Their ISAs (just like others) are tax free and Premium Bonds are tax free but their other accounts and bonds are paid gross but are not tax exempt

    HTH

    K
  • jenny3549jenny3549 Trusted Regular Posts: 472Registered
    They are usually gross (investments accounts and Easy Access Savings Accounts) but watch out for the NSI Savings Bond - which is net!

    I know, they are a nightmare to try and keep straight in your head - I had to get my boyfriend to test me on them - felt like I was back at school.
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