3rd April 2019

Old Mutual Wealth: Top-slicing relief – don’t shortcut the calculation

If you are feeling confused on how to calculate top-slicing relief on bonds, this article should provide you with some clarity. We also have a new detailed guide available, and an online tool, providing you with additional support.

There has been some confusion in the market on how the personal allowance, personal savings allowance (PSA), and the starting rate of tax, interact with bond gains and in particular top-slicing relief.

Tax, Trust & ISA

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