Personal Savings Allowance

From April 2016 HMRC is introducing a tax free personal savings allowance of £1,000 (£500 for higher rate tax payers) for savings income or interest.

This means that most people will no longer pay tax on their savings interest.

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Estate Capital Financial Management,
7 Uplands Crescent,
Swansea,
South Wales,
SA2 0PA
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Finance Glossary

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Estate — [ esteit ]
Noun

The accumulation of property and assets.

All the money and assets owned by an individual.

Capital — [ kapitel ]
Noun

Wealth in the form of money or other assets owned by a person or organisation.

The employment of money in the production of greater wealth.

Estate Capital — [ esteit kapitel ]
Service

Aiding the growth and accumulation of personal and family wealth and its transfer through the generations.