Savings Income Savings Investment Income
Savings Income Savings Investment Income
Savings and investment income is taxable.
To help you, we have categorised different types of income tax rules and rates as follows:
- Normal Income Tax - use for all your normal earned and pension income and property income
- Shares Income Tax
- Savings Income Tax
- Life Insurance IncomeTax
Different investment income sources are taxed using the relevant rules:
- Bank and Building Society Interest - use Savings Tax rules
- Shares Dividends - use Shares Tax rules
- Unit trusts, Investment Trusts and OEICS income - use Shares Tax rules
- Gilt and Corporate Bond Income - use Savings Tax rules
- Purchased life Annuity Payments - use Annuity Tax rules
- Life Insurance Income - use Life Insurance rules
Expenses deduction
No deductions are allowable against savings and investment income.
Buy a tax planning pack in the shop or request tax advice today.
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