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What's the most a non-resident can earn in interest without paying interest?
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As a non-resident, earning £0 in wages/income and absolutely nothing elsewhere, in interest from savings, I think I can earn:
£12,570 in Personal Allowance PLUS
£5000 in Starting rate for savings PLUS
£1000 in tax-free Personal Savings Allowance
This gives £18,570 that I can, in theory, earn in interest before having to bother the tax man.
Is this correct?
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- 1 year ago
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