Tax Question

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:10AM in AAT student discussion
If i had a nsb a/c savings interest of £60 would i ignore this the first £70 is exempt from imcome tax.<BR><BR>sorry if i sound a bit thick.<BR><BR>sebula

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Tax Question

    Sebula, you are correct in your thinking :-)<BR><BR>Regards<BR><BR>Dean
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Tax Question

    My understanding is that the first £70.00 interest is exempt only if it is an ORDINARY account.

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