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Personal Savings Allowance (PSA)

What does the Personal Savings Allowance mean?

Your Personal Savings Allowance is how much interest you can earn without paying tax. If you're a basic rate tax-payer, your Personal Savings Allowance is £1,000. If you're a higher rate tax-payer, it's £500. If you earn £150,000 or more, you won't have a Personal Savings Allowance.

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‎06-04-2016 06:36 AM
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