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    Notice: Your Interest Certificate for the Financial Year 2024- 2025 is available now.  To view It, simply log on to your Retail Internet Banking  and go to Interest certificate > “Download Interest Certificate for 2024- 2025”.

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    Personal Savings Allowance - FAQs

    How much is the Personal Savings Allowance?

    • Basic rate taxpayers: Up to £1,000 in savings income is tax-free
    • Higher rate taxpayers: Up to £500 in savings income is tax-free
    • Additional rate taxpayers: No Personal Savings Allowance

     

    Do I need to do anything to claim my personal allowance?

    No, from 6 April 2016, we will pay gross interest on all of your savings and interest paying current accounts. This means that no tax will be automatically deducted from interest on your behalf.

     

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