DIRT tax and budgetry increase

[Palerider]

I had a one year fixed rate account with Anglo, it matured earlier this month, upon further investigation I noted that DIRT was calculated at 27% backdated to date of account opening in Feb 2010, I queried this and got nowhere.

My understanding was that DIRT when amended in any budget took effect from a date shortly after the budget maybe even the next day, in this instance the ' old ' rate of 25% applying up to that change date.

I'm feeling like I've had some of my hard earned pinched right out of my pocket with this additional 2& DIRT backdated..., any wisdom appreciated...?

 

[Berni]

The increased rate came into force on 1st Jan.
The rate applied is the one on the date the interest is paid, not when it was accrued.

 

[callybags]

As far as I know ( and I could be wrong) DIRT is deducted at the rate applicable on the date the interest is paid.