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Section 5: Abolition of starting and savings rates and creation of starting rate for savings

Finance Act 2008 · 2008 c. 9View on legislation.gov.uk

Part 1: Charges, rates, allowances, reliefs etc

Section 6 of ITA 2007 (rates at which income tax is charged) is amended as follows.

In subsection (1), omit paragraph (a).

In subsection (2), omit "starting rate,".

In subsection (3), for paragraph (a) substitute—

Accordingly, in the heading omit "starting rate,".

The amendments made by this section have effect for the tax year 2008-09 and subsequent tax years.

Schedule 1 contains provision in connection with—

the abolition of the starting rate and the savings rate, and
the creation of the starting rate for savings.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.