| Title | : | Martin Lewis: Low earner? You need to know about the starting rate for savings |
| Lasting | : | 2.21 |
| Date of publication | : | |
| Views | : | 13 rb |
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Thank you for explaining this in a clear and concise way! It's shocking that savings are taxed Comment from : @veesvoyages |
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Thanks for sharing from ukvlog Comment from : @Dailylifeukvlog |
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If you earn £12000 a year you are homeless right? Comment from : @daviecrocket9160 |
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Leave your 12k slave job and learn about crypto Comment from : @JordanLynch-o9c |
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Savings should never be taxed Keep your money under the mattress and do not tell anyone! Comment from : @guss2099 |
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Although you do have to repay student loan on any interest over £2k I believe Comment from : @AngelaBee_13 |
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Technically, everyone working full time earning under 35k is low earner, which is probably like 70 of workers Comment from : @SpecialXMANIAK |
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I spent an hour on the phone to HMRC this morning as they decided my tax code should be 865l After our discussion the advisor agreed with me that actually I shouldn’t be paying tax as their system took my savings interest off my personal allowancebrThis savings allowance isn’t always automatically applied so be careful if like me your savings income is around the personal allowance Comment from : @turbostream7925 |
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It's ludicrous that we are taxed on savings in the first place Comment from : @TheDigitalAura |
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I still don’t get it… Comment from : @station-7 |
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Thank you Comment from : @dianebaker5243 |
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b"low earner?" um lets call it what it is: "wage supressed," "exploited" ok?/bbrwe can't fix problems especially systemic ones, without admitting we have a problem Comment from : @satyasyasatyasya5746 |
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