Section 4 | Starting rate limit for savings for tax year 2017-18

(1)For the amount specified in section 12(3) of ITA 2007 (starting rate for savings) substitute “ £5000 ”.

(2)The amendment made by subsection (1) has effect in relation to the tax year 2017-18 and subsequent tax years.

(3)Section 21 of ITA 2007 (indexation), so far as relating to the starting rate limit for savings, does not apply in relation to the tax year 2017-18 (but this section does not override that section for subsequent tax years).