There are three important checks
Martin Lewis has issued a warning to anyone with a cash ISA, saying millions are being underpaid. The MoneySavingExpert has issued his latest advice in a newsletter.
LancsLive reports for most people normal savings accounts '"beat" cash ISAs. This is because your Personal Savings Allowance means that you would need to have £34,500, or £17,500 if you're in the higher tax bracket, in a top easy-access savings account before you earned enough interest to start being taxed on it.
People on the basic 20% tax rate can earn up to £1,000 interest a year on any savings account tax-free, while those on the higher 40% rate can earn £500 a year, ChronicleLive reports.Martin then urged people to check their accounts as ISAs pay out "diddly squat", often under 1%.
On the MSE website, he explained: "For those with larger savings, as a cash ISA is just a savings account you can put £20,000 in per tax year where interest is never taxed - and doesn't count towards the Personal Savings Allowance - then for savings that would have tax taken off, they're a winner.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Martin Lewis issues major broadband warning as prices to increase by up to 15%THE Department for Work and Pensions (DWP) has revealed the EXACT date millions of Brits on Universal Credit will start receiving a rise in their payment amounts. Rises in Universal Credit payments…
続きを読む »
Martin Lewis' MSE makes important clarification about Royal Mail stamp deadlineConsumer expert Martin Lewis has made an important clarification regarding the deadline to use or swap old stamps
続きを読む »
Martin Lewis issues urgent broadband warning as prices set to increase this weekThe savings guru has shared ways to avoid rising costs.
続きを読む »
Martin Lewis issues urgent broadband warning amid price hikeMartin Lewis has said that people who need to renew their broadband should be acting sooner rather than later warning people of a price hike and telling them not to wait.
続きを読む »
Martin Lewis issues two 'must-know' travel warnings when booking overseas tripsAs reported by his MoneySavingExpert site, Martin spoke about some of these 'must-know' warnings which holiday bookers should always keep in mind
続きを読む »