Tag: Savings interest
Martin Lewis issues ‘totally bonkers’ warning to people with £1,000 savings interest
Money expert Martin Lewis said it’s ‘totally bonkers’ and ‘it should not work like that’. …
HMRC sending out new tax codes to people with savings
HMRC sends letters to workers with new tax codes all year round – with more money being taken back from your wages in future. …
State pensioners warned they are ‘at risk’ of staggering £6bn stealth tax on savings
Older Brits are “particularly at risk” of being taxed, as many of them will have saved up “large cash reserves” before retiring. …
Martin Lewis tells savers of £12,570 threshold and warns about personal allowance ‘tax’
Personal finance expert said people need to be aware of the limit as it’s when they start paying money in tax …
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 sending new tax codes to people with savings
HMRC is sending letters to workers with new tax codes – with more money being taken back from your wages. …
Warning issued to anyone with savings in a current account
It’s “imperative” that Britons review their bank accounts, an expert has said. …
Martin Lewis issues warning to anyone earning over £10,000 with savings interest
Money expert Martin Lewis says anyone who earned more than £10,000 with savings interest could face a fine or penalty. …
HMRC £5,000 savings account warning as Brits could face bill over ‘limits’
Officials have given advice to savers who are looking to build up a nest egg in their savings account – but many may not be aware of the ‘personal limits’ …
Warning to anyone with more than £5,001 in their bank account
Millions of people are making a “costly mistake”, Yorkshire Building Society warns. …
