Proceeding contribution from Lord Monson (Crossbench) in the House of Lords on Monday, 10 December 2007. It occurred during Debate on bill and Committee proceeding on Dormant Bank and Building Society Accounts Bill [HL].
Dormant Bank and Building Society Accounts Bill [HL]
I think that the noble Lord is wrong. Interest is normally deducted at 20 per cent on ordinary deposits. On special, fixed-term deposits of very large sums—let us say, £50,000—it can be paid gross.
Secondary information
- Type
- Proceeding contribution
- Reference
- 697 c25GC
- Session
- 2007-08
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Charities Assets Bank services Banks Building societies Insurance Interest charges Pensions Lotteries Repayments Taxation Big Lottery Fund
- Legislation
- Dormant Bank and Building Society Accounts Bill (HL) 2007-08
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-16 02:27:24 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_428030
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