Industry response

Our response to the HMRC consultation on the deduction of income tax from savings income

Implementation of the Personal Savings Allowance
Executive summary

We strongly believe that all non-TDSI interest – to individuals and to non-individuals - should be paid gross, without deduction of income tax at source.  It is the most straightforward and least costly solution for savers and financial institutions.

Click here to read our full response.

Click here to read the HMRC consultation paper.