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Updated on 6 April 2024

Starting rate for savings

The starting rate for savings is a 0% rate of tax which can apply for up to £5,000 of savings income. It only applies if your non-savings and non-dividend income is below a certain threshold.

a person with a notebook and pen sat at a table with stacks of coins, the person is putting coins into a glass jar marked 'SAVING'
Updated on 6 April 2024

Tax on savings income

If you get paid interest on your savings, you need to understand whether you need to pay tax on it. On this page, we explain how interest is taxed and how that tax is then collected by HMRC.

a piggy bank with four people putting coins inside
Updated on 6 April 2024

Joint income from savings

If you have joint savings (or shares), make sure you understand how the income is split between you for tax purposes.

a tablet showing a cryptocurrency graph, a stack of Cryptocurrency, and the word 'TAX' arranged around the stack of coins with wooden scrabble tiles
Updated on 6 April 2024

Cryptoassets and tax

If you invest in cryptoassets, you may make taxable gains or profits, or losses. You might also earn taxable income in the form of cryptoassets for certain activities. Investing in cryptoassets is high-risk. This page is intended solely to provide information about the UK tax position for ...

A pad of squared paper with the words 'CAPITAL GAINS' written on it in black ink, wooden scrabble tiles are scattered over the bottom of the paper with the word 'TAX' arranged to spell out 'CAPITAL GAINS TAX'
Updated on 28 November 2024

Capital gains tax

Capital gains tax (CGT) is a complicated subject, so we provide an introduction only. We do cover the main issues, though, and signpost you to where you may find extra help.

a person holding a small wooden house in the palm of their hand with the word 'TAX' surrounding it.
Updated on 6 April 2024

Council tax and Northern Ireland rates

Council tax is collected in England, Wales and Scotland (although there are some regional differences). In Northern Ireland, there is a rates system instead of council tax. Collection of council tax and rates is carried out by your local council.

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