Tax on Savings Interest: UK Allowances and Rates Explained
Most people pay no tax on savings interest, but the rules that decide it are fiddly and the rates go up to 24, 44 and 49 percent in April 2027. We explain the Personal Savings Allowance, the starting rate for savings, how HMRC collects the tax, and the planning points we raise with clients, including one for company directors that is rarely used.
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