HMRC Issues £5,000 Bank Account Warning – Millions Urged to Check Their Savings
HMRC has reminded savers that some people can earn up to £5,000 in savings interest without paying Income Tax, but the allowance is not available to everyone. The £5,000 figure relates to the starting rate for savings. It applies where a person’s other taxable income is below £17,570. As other income rises, the amount of … Read more