“She immediately saved us in the region of £4000.00 by just talking to us for a matter of minutes. Her knowledge and efficiency are second to none.”
− Karen Skinner, Nical Installations Limited
Tax on savings income
Savings income (which includes all types of interest) paid net is taxed usually at source at 20%. Dividends on UK equities carry a (non repayable) tax credit of 10%. The intention is that only higher rate taxpayers should have to pay any additional tax, although 'starting rate' and non-taxpayers may be entitled to claim a tax refund.
