{
  "url": "https://openlegislation.uk/finance-act-2008/schedule-1/paragraph-11",
  "json_url": "https://openlegislation.uk/finance-act-2008/schedule-1/paragraph-11.json",
  "legislation": "ukpga/2008/9",
  "legislation_title": "Finance Act 2008",
  "legislation_url": "https://openlegislation.uk/finance-act-2008",
  "path": "schedule/1/paragraph/11",
  "kind": "paragraph",
  "number": "11",
  "heading": null,
  "text": "(1) Section 21 (indexation of starting and basic rate limits) is amended as follows.\n(2) Omit subsection (2).\n(3) After subsection (3) insert—\n“(3A) The starting rate limit for savings for the tax year is the amount found as follows.\nStep 1\nIncrease the starting rate limit for savings for the previous tax year by the same percentage as the percentage increase in the retail prices index.\nStep 2\nIf the result of Step 1 is a multiple of £10, it is the starting rate limit for savings for the tax year.\nIf the result of Step 1 is not a multiple of £10, round it up to the nearest amount which is a multiple of £10.\nThat amount is the starting rate limit for savings for the tax year.”\n(4) In subsection (4), for “(2) and (3)” substitute “ (3) and (3A) ”.\n(5) In subsection (5)—\n(a) for “section 20” substitute “ sections 10 and 12 ”,\n(b) for “(2) and (3)” substitute “ (3) and (3A) ”, and\n(c) for “starting rate limit and the basic rate limit” substitute “ basic rate limit and starting rate limit for savings ”.\n(6) Accordingly, in the heading, for “starting rate limit and the basic rate limit” substitute “ basic rate limit and starting rate limit for savings ”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2008/9/schedule/1/paragraph/11",
    "retrieved_at": "2026-10-29T09:12:06.707101+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}