Statute
Section 3 — Finance Act 2014: The starting rate for savings and the savings rate limit
Text of the provision Official document
The starting rate for savings and the savings rate limit 3 1 In section 7 of ITA 2007 (the starting rate for savings) for “10%” substitute “ 0% ” .
2 For the tax year 2015-16 the amount specified in section 12(3) of that Act (starting rate limit for savings) is replaced with “ £5,000 ” .
3 Accordingly section 21 of that Act (indexation of limits), so far as relating to the starting rate limit for savings, does not apply for that tax year. 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 The amendments made by subsections (1) and (4) have effect for the tax year 2015-16 and subsequent tax years.
Official source: legislation.gov.uk
There are no decisions in our collection citing this provision yet. As new judgments are published, they will appear here.
Search case law on this topic
See judgments from UK courts and tribunals with a plain-English summary and legal holding.
Explore case law →