Deposit Interest Retention Tax (DIRT)

Changes to the status of DIRT-free accounts

If your circumstances change, it may affect your exemption from DIRT. These circumstances include where:

  • your total combined income exceeds the relevant exemption limit
  • your total combined income exceeds your combined tax credits
  • the person who owns the interest has changed and this new owner is not your spouse or civil partner
  • your spouse or civil partner has died and you are under 65 years of age
  • you have divorced or dissolved a civil partnership and you are under 65 years of age
  • your spouse or civil partner has died and you are not permanently incapacitated
  • you have divorced or dissolved a civil partnership and you are not permanently incapacitated.

If any of the above circumstances change, it is your responsibility to notify:

  • the financial institution of any changes, if you are over 65 years of age
  • Revenue of any changes for permanently incapacitated individuals.

Next: Can you claim a DIRT refund?