Folks, If you have a high level of savings (eg 1,000,000)...

  1. 3,346 Posts.
    lightbulb Created with Sketch. 6
    Folks,

    If you have a high level of savings (eg 1,000,000) external to your house you will likely invest it in shares, term deposits etc.

    Let's say you make 60k in one year on your investments.

    Do you pay income tax?

    Sorry if this is obvious/irritating.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.