Yes, you are entitled to a Personal Savings Allowance. Basic rate tax payers can earn up to £1,000 interest pa tax free, or, if you’re a higher rate tax payer you can earn tax-free interest of up to £500 per annum across your savings, investments and deposit accounts.
For more information on Personal Savings Allowances, please visit https://www.gov.uk/government/publications/personal-savings-allowance-factsheet/personal-savings-allowance
If you are unsure about the amount of tax free savings you can have, you should speak to an Independent Financial Advisor or your Accountant.
Kuflink Ltd is authorised and regulated by the Financial Conduct Authority (FCA) (Registration Number 724890). Kuflink Ltd is not covered by the Financial Services Compensation Scheme. Kuflink Ltd has its registered office at 21 West Street, Gravesend, Kent, DA11 0BF.
*Capital is at risk and Kuflink is not protected by the FSCS. Please read our risk statement for full details.
*Capital is at risk and Kuflink is not protected by the FSCS. Past returns should not be used as a guide to future performance. Securing investments against UK property does not guarantee that your investments will be repaid and returns may be delayed. Tax rules apply to IF ISAs and SIPPs and may be subject to change. Kuflink does not offer any financial or tax advice in relation to the investment opportunities that it promotes. Please read our risk statement for full details.
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