Nice_guy wrote: »
Many thanks for the tip thepearce! After a bit of searching I see the basic rate of tax is at 20% on savings. Therefore at 4% the net payable would be 3.2%.For example if I put 50k into the above accounts (assuming I could get away with opening this many) I should net £1600 p.a. If I left this 50K offsetting it would have saved me £1495. Meaning I would be £105 in profit. For some reason I seem to think it would be better for me to leave the cash offsetting as the gain is not 'that' much. By keeping all the finances in one place I think will help in achieving our goal. This is purely a Psychological reason. But do I need to change my way of thinking as £105 is still £105 more than what I would have had!?!?
This Forumite needs your suggestions
He got his money back after MSE intervened
For London, Fri 11 Mar to Sun 27 Mar