Millions of savers in the UK are being dragged into paying tax on their savings interest because the personal savings allowance (PSA) has been frozen for a decade, according to new research. By the ...

Savers paid a record £8.4bn in tax last year as frozen thresholds dragged millions into the tax net. HMRC said the amount ...

Savers holding cash in Isas will be taxed for the first time in 12 years thanks to Rachel Reeves’s “punishing” reforms, the Treasury has confirmed. From next April, investor ...

Combined with Personal and Savings allowances, some can earn £18,570 before paying a penny in tax ...

HMRC data shows the amount collected from tax on savings interest for the year to April was expected to be 38 per cent higher ...

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 ...

LONDON, Oct 25 (Reuters) - Britain's government is likely to halve the amount of cash that people can put in tax-free savings accounts at next month's budget, the Telegraph newspaper reported on ...

The new 22% tax on cash interest in stocks and shares ISAs from April 2027 affects savers and investors. Learn about the implications of HMRC's reforms and who will be impacted.

Your Personal Allowance could be ratcheted up to £18,570 with an HMRC loophole.