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Personal Finance

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davebro3

Savings Interest Tax Allowance.

I think I earned more interest than the tax free £1000 allowance in 22/23 & 23/24 but have yet to receive any calculation/assessment of tax owed from HMRC. They say the banks will report the... ...
09:00 Thu 12th Sep 202426 answers, last by Maydup 01:03 Fri 13th Sep 2024
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Rev. Green

Understanding Equalisation

Can anyone explain equalisation? If I buy an accumulating tracker fund for £100 and sell it for £110, the end-of-year tax voucher might say: Interest £1, Equalisation £4. How much counts towards... ...
12:08 Fri 23rd Aug 20242 answers, last by ToraToraTora 12:20 Fri 23rd Aug 2024

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