The HMRC loophole that allows savers to increase their Personal Allowance to £18,570 has been extended until 2031.

Personal finance expert Martin Lewis has warned savers about when their savings interest could be taxed and explained the ...

"So if you have a large sum to reinvest, opening a cash ISA can currently help you shield up to £20,000 a year from the claws ...

“So if you have a large sum to reinvest, opening a cash ISA can currently help you shield up to £20,000 a year from the claws ...

Your savings account might not be just for a rainy day, but instead to put money away to pay for special occasions such as holidays, or a specific goal like buying a car. It essentially helps separate ...

Research from Lloyds has found nearly a quarter (24%) of UK adults think all their savings are tax free, regardless of the type of account and amount saved. Every tax year, people can save and invest ...

Savers can earn up to £1,000 in interest from any legitimate UK sources without incurring a tax bill. With top easy access ...

The rent a room scheme, worth £7,500, tax-free childcare, worth £2,000, and tax-free savings allowance of £5,000.

Martin Lewis has issued a warning to households who have over £20,000 in savings. The money expert said these savers face being taxed on the interest they make if they don't manage their money better.

Pensioners make up nearly half of the taxpayers due to receive an income tax bill from HMRC on their cash savings this year, according to new data. The tax office expects 1.16 million people over ...

The taxman is expecting to rake in a bumper £10.4 billion in tax on savings interest this year, according to projections from HMRC for the 2024/2025 financial year. That’s up from £9.1 billion last ...