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Scrap Tax on Savings Income altogether, NOT just the 1st £1000

Submitted on Thursday 8th September 2016

Published on Friday 9th September 2016

Current status: Closed

Closed: Thursday 9th March 2017

Signatures: 197

Tagged with

Tax

Petition Action

Scrap Tax on Savings Income altogether, NOT just the 1st £1000

Petition Details

As Interest rates on 'Savings Accounts' are at record lows currently, people are now struggling to live off their savings incomes, which the government taxes after the 1st £1000 income at 20%.

Additional Information

The government can easily scrap this tax for savers, forever, in the next Budget, also, would save a lot of people having to complete the Self-Assessment to repay Savings Income above £1000.


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