T TheJackal Registered User Messages 393 14 Dec 2012 #1 So my UB savings account pays quarterly. Q4 2012 will fully accrue when DIRT is 30%. Interest will be paid early Jan 2013, when rate is 33%. So do I pay 30% or 33% on my interest?
So my UB savings account pays quarterly. Q4 2012 will fully accrue when DIRT is 30%. Interest will be paid early Jan 2013, when rate is 33%. So do I pay 30% or 33% on my interest?
C callybags Registered User Messages 917 14 Dec 2012 #2 Unfortunately I think it will be 33% as it is the rate on the date the interest is paid. I am in the same boat with a 12 month term deposit maturing in February. Shows the advantage of the new "Interest first" accounts.
Unfortunately I think it will be 33% as it is the rate on the date the interest is paid. I am in the same boat with a 12 month term deposit maturing in February. Shows the advantage of the new "Interest first" accounts.
L Lightning Registered User Messages 5,612 15 Dec 2012 #3 Yeah, the DIRT rate is based on pay date. If you are paid in early January 2013, then the rate is 33%. If you are paid on 31 December 2012, which is often the case, the rate will be 30%.
Yeah, the DIRT rate is based on pay date. If you are paid in early January 2013, then the rate is 33%. If you are paid on 31 December 2012, which is often the case, the rate will be 30%.
L Lightning Registered User Messages 5,612 15 Dec 2012 #5 People aged 65 or over are frequently exempt from DIRT.
P pascal12 Registered User Messages 33 16 Dec 2012 #6 In addition to the dirt tax there also another 3 or 4% usc was applicable on my tax returns for 2011 think it still applies
In addition to the dirt tax there also another 3 or 4% usc was applicable on my tax returns for 2011 think it still applies
L Lightning Registered User Messages 5,612 16 Dec 2012 #7 pascal12 said: In addition to the dirt tax there also another 3 or 4% usc was applicable on my tax returns for 2011 think it still applies Click to expand... Deposit interest is currently exempt from the USC.
pascal12 said: In addition to the dirt tax there also another 3 or 4% usc was applicable on my tax returns for 2011 think it still applies Click to expand... Deposit interest is currently exempt from the USC.