Budget 2004
Personal Taxation
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Savings income (excluding dividends) is taxed at 10% within the starting rate band and at 20% within the basic rate band.
Rate applicable to discretionary and accumulation and maintenance trusts 40% (34% 2003/2004) (see opposite re dividends)
The figures shown here are subject to ammendment as the Finance Bill passes through Parliament.
This information has been prepared only as a topical guide to tax and personal financial matters. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material contained in this publication.
