Savings allowance is too complex for many taxpayers
Posted by mostafa on 23 February, 2016
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This item was filled under Tax
The savings allowance is an excellent idea but needlessly complex in its implementation, according to the Low Incomes Tax Reform Group (LITRG).
It believes many taxpayers will struggle to understand the operation of the allowance and how it interacts with the starting rate for savings and the £5,000 dividend allowance. It said …