Income which is exempt from tax

Mac Kotecha & Co.

Lichfield House

2 Lichfield Grove

London N3 2JP

Tel: 020 8346 0391

Fax: 020 8343 4227

E-mail:

mac.kotecha@virgin.net (Mac) anil.kotecha@virgin.net (Anil) priya.kotecha@virgin.net (Priya)

T45 - Income which is exempt from tax

Some types of income from savings are exempt from tax.

interest from Tax Exempt Special Savings Accounts (TESSAs)
the first £70 of interest on a National Savings Bank ordinary account. Interest paid on other accounts is not exempt
interest on National Savings Certificates
interest from Save As You Earn certified contractual savings schemes
loan interest paid by a member of a credit union to the union
interest from Personal Equity Plans (PEPs), unless the amount of interest withdrawn in the tax year is more than £180.
interest from Individual Savings Accounts (ISAs).

We take great pride in our service, and would be delighted to invite you for a free 1 hour, no obligation meeting at our comfortable offices. Simply call us on 020 8346 0391 to arrange a mutually convenient time.

This web-site was last updated on 13/06/2008

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