How much can you save?

Tee

McSaver - NS&L's ISA pays 6.05% (not taxable), which is better than IceSave's 5.95% (taxable).

save-a-lot

Tee wrote: »

McSaver - NS&L's ISA pays 6.05% (not taxable), which is better than IceSave's 5.95% (taxable).

Icesave after tax is 4.64% based on tax at 22%, the NS&I Direct ISA is a really good option for £3K of your money, and, also it is guaranteed to stay 0.55% above base rate until at least 5 April 2008.

http://www.nsandi.com/products/disa/news.jsp

McSaver

save-a-lot wrote: »

Icesave after tax is 4.64% based on tax at 22%, the NS&I Direct ISA is a really good option for £3K of your money, and, also it is guaranteed to stay 0.55% above base rate until at least 5 April 2008.

http://www.nsandi.com/products/disa/news.jsp

Tax is 20% on interest, not 22% which is employment income tax. (until April 2008 when that changes to 20%)

JET34

Hi all,
What a great thread!! I have not long started saving for the first time in my adult life! I have allway's seemed to be in debt or just overspending how ever this has now all changed I have finally managed to be come debt free and have started to save although I do need help..... I am not sure what are the best type's of account's etc
Anyway my total saving this year stands at £5021.00 and I hope to carry this on!!

save-a-lot

McSaver wrote: »

Tax is 20% on interest, not 22% which is employment income tax. (until April 2008 when that changes to 20%)

I almost did the calculation on 20% tax then I thought nah that can't be right, so thanks for the correction on this, it is useful to know

savingforoz

Well done Jet 34, that's a great amount to have saved in just 3 months!

save-a-lot

JET34 wrote: »

Hi all,
What a great thread!! I have not long started saving for the first time in my adult life! I have allway's seemed to be in debt or just overspending how ever this has now all changed I have finally managed to be come debt free and have started to save although I do need help..... I am not sure what are the best type's of account's etc
Anyway my total saving this year stands at £5021.00 and I hope to carry this on!!

Welcome to the thread... much inspiration here to carry on saving! great start Jet34

EagerLearner

Met my Olympic silver target tooooooddddaaaaaay - £2,007 saved!!!

save-a-lot

Fantastic - I am almost there, but not quite. Various things are stopping me saving as much as I would like, my car for one and spending on the house and garden for another, it is ok though, I am balancing saving with quality of life

liz105

Hi all, I wanna be a 'how much can you save' bod too, is there a bronze/silver/gold thing I can add to my signiture????