CHARGEABLE EVENT GAINS AND THE PERSONAL SAVINGS ALLOWANCE (PSA)

HMRC have recently clarified to us how the Personal Savings Allowance (PSA) should be applied when tax is being calculated on chargeable event gains on UK and offshore bonds. We still await further clarification of the position when the taxpayer has other savings income.

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Tags: Personal Savings Allowance PSA chargeable event gains CEG UK bonds Offshore bonds