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Personal Savings Allowance 2016/2017

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frajon | 19:10 Sat 06th Feb 2016 | Business & Finance
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is allowance on savings only,and not any private pension
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Income from your pension counts as 'earnings' and is thus not regarded as 'interest'. The PSA only applies to interest on what you've got in the bank (or similar):
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/414026/Savings_factographic_final.pdf
savings only
not pension - which is income and will continue to be taxed

[ blimey can you imagine the hullabaloo if they said they were gona stop taxing pensions ? Be serious ]

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