How you can have tax-free income of £18,500 from savings

April 24, 2019 | by Sian Kelly | No comments

Where income is mainly derived from savings, it is possible to enjoy tax-free savings income of up to £18,500 tax-free in 2019/20 in addition to that held in tax-free wrappers, such as individual savings accounts (ISAs).

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Tax-free investments using Premium Bonds

February 19, 2019 | by Sian Kelly | No comments

Premium Bonds (PBs) are an investment product issued and maintained by National Savings and Investments (NS&I), which in turn, is backed by HM Treasury.

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Savings Income- how is it taxed?

October 09, 2018 | by Sian Kelly | No comments

The taxation of savings income can be complicated as there are various allowances and rates that come into play. However, most people are able to enjoy savings income tax-free.

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The ISA Round Up 2017

May 26, 2017 | by Sian Kelly | No comments

Individual Savings Accounts (ISAs) offer an opportunity to build up tax-free savings income, subject to certain limits. For those looking to put money away in an ISA in 2017/18, there are new limits and various different ISAs on offer.

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Savings income – do you need to claim back tax?

May 05, 2017 | by Sian Kelly | No comments

From 6 April 2016 onwards, bank and building society interest has been paid gross without the deduction of tax. However, previously basic rate tax was deducted at source unless you were a non-taxpayer who had registered to receive your interest gross.

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