Personal savings allowance and £100k income
Discussion
Hi-Can someone explain how savings allowance is treated for people with £100k plus income? For those with £125k plus limit there is no savings allowance but for income upto 125K,there is £500 allowance. Is this considered as a "seaperate pot" I. E. First £500 savings income is completely tax free and savings income above that is subject to tax (effectively 60% tax for 100k.plus income due to partial loss of tax free allowance).
Thanks
Thanks
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