[12A Savings income charged at the savings nil rate]
Income Tax Act 2007 (2007 c 3) | Legislation

[12A  Savings income charged at the savings nil rate]

[(1)     This section applies in relation to an individual if—

(a)     the amount of the individual's Step 3 income is greater than £L, where £L is the amount of the starting rate limit for savings, and

(b)     when the individual's Step 3 income is split into two parts—

(i)     one (“the individual's income up to the starting rate for savings”) consisting of the lowest £L of the individual's Step 3 income, and

(ii)     the other (“the individual's

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