Shares Sell??

[heapsy]

Thanks but not planning on earning much from employment by then. Anything less than £17.5k from income plus interest is tax free anyway.

I was referring to the £1,000 tax allowance for interest earned on savings. Anything above is taxed at your nominal rate. Your tax code has nothing to do with it.

You do know about the £5000 starting rate for tax free savings interest don't you?
If I only earn £12570 then I get a £6000 tax free allowance for savings interest. If I only earn say £10000 then I also get another £2570 I can earn in interest.

Tbh I didn't know about it, but just found it. Cheers.

[rambo1]

Thanks but not planning on earning much from employment by then. Anything less than £17.5k from income plus interest is tax free anyway.

I was referring to the £1,000 tax allowance for interest earned on savings. Anything above is taxed at your nominal rate. Your tax code has nothing to do with it.

You do know about the £5000 starting rate for tax free savings interest don't you?
If I only earn £12570 then I get a £6000 tax free allowance for savings interest. If I only earn say £10000 then I also get another £2570 I can earn in interest.

Tbh I didn't know about it, but just found it. Cheers.

No worries.

[heapsy]

Sold my shares during early trading before I started work yesterday. Got over £5,300. I'd bought privately as well as through the EPO and had all the free shares still. Made over 2k. Not as much as I'd hoped, I was thinking of holding until retirement but with the turmoil due to the dispute and industry factors etc, it was time to sell. Looking at a couple of fixed rate bonds for when I've left.