Chapter 2 - 3.4 - Savings Nil Rate Band

Question 1

Who is a savings income nil rate band available for?

Answer 1

Taxpayers with taxable income below £125,140 whose savings income is not covered by the SRB

Question 2

What is the savings income nil rate band for a BRTP?

Answer 2

£1000

Question 3

What is the savings income nil rate band for a HRTP?

Answer 3

£500

Question 4

What is savings income covered by the nil rate band taxed at?

Answer 4

0%, but uses up part of the basic or higher rate band