Tag: personal savings allowance
HMRC sends demand letters to those with £3,500 or over in savings account
HMRC could send you a tax bill letter if you have as little as £3,500 in your savings account in this new tax year. …
Warning to anyone with £11,000 savings over ‘tax trap’ as HMRC says ‘beware of rules’
Savers have been warned they could fall victim to ‘surprising tax traps’ …
Martin Lewis gives warning for anyone with over £22,000 in savings
In a new update the personal finance expert explained when people could be taxed on interest …
Brits earning more than £12,570 issued £641 warning
A letter from HMRC may catch “many” by surprise, a bank has warned. …
New savings tax alert as expert warns of £20,000 limit as adds ‘helps you shield’
People can end up paying tax on their saving interest if they don’t watch out …
Martin Lewis warning to anyone with savings over £20,000
Personal finance expert Martin Lewis has warned savers about when their savings interest could be taxed and explained the personal savings allowance thresholds …
Bank savings account £5,000 warning as HMRC explains ‘personal limits’ threshold
The HM Revenue and Customs rules apply to anyone with a savings account …
State pensioners issued warning over savings limit ahead of Autumn Budget
Experts say people aged 55 or over could be hit hardest. …
State pensioners hit with HMRC tax bills for savings accounts
More than 1.1M state pensioners are set to pay tax bills on their savings. …
Martin Lewis says tax hole means people can avoid losing £200 on savings interest
Personal finance expert explained how people would be ‘better off’ earning less interest on their savings …
