Big changes are coming to how your savings interest is taxed from April 2027, and it could mean you paying more than you expect 💸 Right now, most people benefit from a Personal Savings Allowance — that’s the amount of interest you can earn before paying tax. Basic rate taxpayers get £1,000, higher rate taxpayers get £500, and additional rate taxpayers get £0. But from April 2027, there’s a twist you need to know about. If your savings interest goes above your Personal Savings Allowance, you’ll
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Big changes are coming to how your savings interest is taxed from April 2027, and it could mean you paying more than you expect 💸 Right now, most people benefit from a Personal Savings Allowance — that’s the amount of interest you can earn before paying tax. Basic rate taxpayers get £1,000, higher rate taxpayers get £500, and additional rate taxpayers get £0. But from April 2027, there’s a twist you need to know about. If your savings interest goes above your Personal Savings Allowance, you’ll
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