Definitions for "Net Interest"
Keywords:  taxpayers, deducted, minus, nipas, espa
Net interest is the term used for interest paid on investments on which tax has been deducted at the rate stipulated by the Government. The deduction of tax from the interest paid may not completely cover any tax liability for the customer - for example high rate taxpayers will be liable for an additional tax payment.
The interest on your savings after tax at basic rate has been deducted.
Net interest for the federal government is the amount the government pays out in interest payments in order to service the debt, minus the amount received by government trust funds and other accounts.