{
  "url": "https://openlegislation.uk/income-tax-act-2007/section-12",
  "json_url": "https://openlegislation.uk/income-tax-act-2007/section-12.json",
  "legislation": "ukpga/2007/3",
  "legislation_title": "Income Tax Act 2007",
  "legislation_url": "https://openlegislation.uk/income-tax-act-2007",
  "path": "section/12",
  "kind": "section",
  "number": "12",
  "heading": "Income charged at the starting rate for savings",
  "text": "(1) Income tax is charged at the starting rate for savings ... on so much of an individual's income up to the starting rate limit for savings as—\n(a) is savings income, and\n(b) would otherwise be charged at the basic rate or the default basic rate.\n(2) This is subject to any provisions of the Income Tax Acts (apart from section 10) which provide for income of an individual to be charged at different rates of income tax in some circumstances.\n(3) The starting rate limit for savings is £5,000.\n(4) See section 21 for indexation of the starting rate limit for savings.\n(5) Section 16 has effect for determining the extent to which a person's income up to the starting rate limit for savings consists of savings income.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 12 substituted (21.7.2008 with effect in accordance with Sch. 1 para. 65 of the amending Act) by Finance Act 2008 (c. 9), Sch. 1 para. 5"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 12(1) omitted (30.11.2016 with effect in relation to tax year 2017-18 and subsequent tax years) by Finance Act 2016 (c. 24), s. 6(10)(a)(24); S.I. 2016/1161, regs. 2, 3"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 12(1) substituted (30.11.2016 with effect in relation to tax year 2017-18 and subsequent tax years) by Finance Act 2016 (c. 24), s. 6(10)(b)(24); S.I. 2016/1161, regs. 2, 3"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Sum in s. 12(3) confirmed (for the tax year 2025-26) by Finance Act 2025 (c. 8), s. 4(1)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "S. 12(3): sum confirmed (for the tax years 2026-27, 2027-28, 2028-29, 2029-30 and 2030-31) by Finance Act 2026 (c. 11), s. 9(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2007/3/section/12",
    "retrieved_at": "2026-10-29T09:13:03.599581+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."
}