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20K - highest interest account?

aliyah · 2006-01-19 23:45:04

i wonder if anybody could advise about the best place to save. we have 20K in an A & L online saver 1 account, and wish to add 1K per month to this until december 2006, when we will then pay a lump off our mortgage as our 2 year fixed rate will be up then. are we better off saving this elsewhere for a higher return?? i…

Comments

caveat_emptor Posts: 766 Forumite

20 January 2006 at 6:26PM

MrHelpful wrote:

Why would someone not have to pay tax on their interest. What cicumstances allow you to have gross interest paid?

If your total income is less than your tax allowance then no tax to pay.

Named after my cat, picture coming shortly
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