This petition was submitted during the 2015–2017 Conservative government
Petition Scrap Tax on Savings Income altogether, NOT just the 1st £1000
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%.
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.
This petition is closed This petition ran for 6 months