The new personal savings tax allowance

Did you know £1,000 in interest is yours tax free under the new personal savings allowance? We explain the details of the policy.

An estimated 95% of savers will not pay tax on their savings from this tax year. The introduction of the new Personal Savings Allowance (‘PSA’) from 6 April 2016 allows basic rate tax payers to earn up to £1,000 a year interest without paying a penny to the taxman.

Read our brochure to find out more.