Here is what you need to know about tax on savings and how to avoid it. If you have saved money using a savings account in the UK, you will have accrued interest on those savings over the years.

Of course, one of the best ways to protect your savings from tax is to put them in a tax-free savings account. You can invest ...

Pensioners with modest savings could be stripped of their winter fuel payments this winter – not because they are earning ...

For example, a higher-rate taxpayer with ... where you won't pay any tax on the interest." Currently, UK residents can save up to £20,000 in a Cash ISA per tax year without paying tax on interest ...

Since April 2020, you've no longer been able to deduct any of your mortgage expenses from your rental income to reduce your tax bill. Instead, you now receive a tax-credit, based on 20% of your ...

U.K. Chancellor Rachel Reeves pledged last year that the government would not conduct another tax raid. She might not have ...