08-03-14, 07:18 PM
(05-03-14, 04:56 PM)Lawrence link Wrote: If you stick £1000 in a savings account for a year you'll have £1005 at the end so you pay income tax on the £5 you earn.
Then you've got it in the wrong account!
You can get 1.75% tax free from an ISA for £17.50 interest all of which you get to keep.