Tag: personal savings allowance
Tax bill warning for people with more than £14,500 in savings accounts
Over seven million more Brits are expected to fall into the higher-rate tax band this year. …
HMRC to send out 6 million unexpected bills to ‘rule break’ UK households
Personal Savings Allowance allows people with savings accounts to avoid paying tax on the first £1,000 of interest. …
HMRC could soon send tax letter to anyone with this type of savings account
Savers who have their money in a non-ISA savings account may have to pay tax on some of their interest. …
HMRC to contact 887,000 savers with over £3,500 in the bank
Many savers may be unaware they’re at risk of a tax charge. …
HMRC demand letters for people with £3,500 or more in savings account
HMRC could send you a tax bill letter if you have £3,500 in your savings account. …
‘I’m a money expert – this tip will make a serious difference to your savings’
Savers could end up “paying a horrible price” by not making these checks. …
HMRC sends letters for ‘first time in decade’ to people earning more than £1k from savings
Thousands are receiving unexpected tax bills from the HMRC for the ‘first time’ in more than a decade. …
Savers warned over HMRC surprise taxes amid frozen allowances and rising interest rates
Taxpayers aren’t supposed to register for self-assessment unless prompted by HMRC. …
Martin Lewis issues urgent message to everyone with a Cash ISA
Money Saving Expert founder Martin Lewis is urging those with a Cash ISA to max them out before Sunday. …
Experts say savers in for ‘rude awakening’ as ISA rates set to change
A new survey found people unaware of tax raids on their savings – potentially costing them money …
