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    Dividends on shares are treated as having been taxed at source at 10% (this is sometimes call

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    Investment income is treated as the top slice of income so that the allowances and lower rate bands are used against earned income first and against income from savings before dividends.

    Investment income is taxed at 20% unless your total income for the year enters the 40% band. Then a further 20% is payable on any income in that band from which 20% has been deducted at source.

    if total income for the year is below the 20% band, investment income is taxed at 10% and if it is below the lo% band it is is tax free. Tax deducted at source at 20% can be recovered.

    Tax is deducted from bank and building society interest at the rate of 20% before it is paid, unless recipients have completed a form (obtainable from the bank or building society) saying that their total income is below their total allowances.

    Dividends on shares are treated as having been taxed at source at 10% (this is sometimes calle

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    Investment income is taxed at 20% unless your total income for the year enters the 40% band. Then a further 20% is payable on any income in that band from which 20% has been deducted at source.

    if total income for the year is below the 20% band, investment income is taxed at 10% and if it is below the lo% band it is is tax free. Tax deducted at source at 20% can be recovered.

    Tax is deducted from bank and building society interest at the rate of 20% before it is paid, unless recipients have completed a form (obtainable from the bank or building society) saying that their total income is below their total allowances.

    Dividends on shares are treated as having been taxed at source at 10% (this is sometimes call

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    if total income for the year is below the 20% band, investment income is taxed at 10% and if it is below the lo% band it is is tax free. Tax deducted at source at 20% can be recovered.

    Tax is deducted from bank and building society interest at the rate of 20% before it is paid, unless recipients have completed a form (obtainable from the bank or building society) saying that their total income is below their total allowances.

    Dividends on shares are treated as having been taxed at source at 10% (this is sometimes call

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    0% can be recovered.

    Tax is deducted from bank and building society interest at the rate of 20% before it is paid, unless recipients have completed a form (obtainable from the bank or building society) saying that their total income is below their total allowances.

    Dividends on shares are treated as having been taxed at source at 10% (this is sometimes call

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    or building society) saying that their total income is below their total allowances.

    Dividends on shares are treated as having been taxed at source at 10% (this is sometimes called the dividend tax credit). It cannot be avoided and cannot be recovered by a non taxpayer. Higher rate taxpayers must pay a further 32.5%.

    Investments can be transferred between spouses to take advantage of one having lower income tax rates than the other, without incurring capital gains or inheritance tax liabilities, or stamp duty.

    Investments free of income tax

    Income from the following investments is free of tax:

    • National Savings certificates, children's bonus bonds and premium bonds
    • ISAs and PEPs
    • TESSAs (till maturity)
    • friendly society savings schemes
    • venture capital trusts
    • commercial forestry

    Tax relief on amount inv

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