We have 2 tip(s) under the heading LowIncome.
Non Taxpayers - If you are a Non-Taxpayer and your total income is below the personal allowance, you may register to receive interest on banks or building society accounts without the deduction of tax. Even if most of your bank and building society interest will be covered by your allowances, you cannot register some accounts and not others. They must all be covered
Tax deducted at source - Tax on bank and building society interest is deducted at source at the rate of 20% (unless you have registered to receive the interest gross). You can make a claim for refund of all or part of the tax deducted if your total income (including all investment income) is below the personal allowance and the savings rate band for the tax year.
UK dividends carry a notional tax credit of 10% of the gross dividend. This credit cannot be reclaimed.
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"They have created an easy and intuitive system which takes the burden out of completing a tax return."
"I have been with TWD for quite a few years and I would like to take the opportunity to say a big thank you to you and all the staff for making my life very straight forward and relatively uncomplicated."
"Many thanks for your kind assistance throughout this process; goes to show that you really need to know what you're doing regarding Inland Revenue and understanding the whole 'Tax business!' I am honestly still completely baffled!"
Thank you for this opportunity to say how delighted I have been with your services over the last ten years.It is so simple to use ...
I thank you for your letter dated 7/7/11 in which you confirm my tax return has been filed on line with HMRC.
To use their service was an excellent decision. Friendly, knowledgeable staff, able to answer my questions in a way I can understand, supported by efficient admin..
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