MSE News: Tax shake-up brings current account boost

This is the discussion thread for the following MSE News Story:

"Tomorrow's new 2011/12 tax year overhaul means consumers don't have to earn as much to get a top current account ..."

Replies

  • jamesdjamesd Forumite
    25.8K Posts
    Part of the Furniture 10,000 Posts Name Dropper
    ✭✭✭✭✭
    That's good new for anyone who doesn't know that you can typically just transfer the money out and back in again as many times as it takes to reach the minimum requirement for money paid in. A second current account somewhere else for bills or a savings account getting the best rate can be convenient for this.
  • brummierebelbrummierebel Forumite
    37 Posts
    Part of the Furniture 10 Posts Combo Breaker
    The problem with this article is that it doesn't take into account other payroll deductions that may be made such as pension contributions, student loans etc. As this comes straight off your paypacket, one will have to earn more that the figures quoted in the article to reach the £1000/£1500 threshold required to get the top accounts.
  • silversilversilversilver Forumite
    3 Posts
    Part of the Furniture Combo Breaker
    MoneySaving Newbie
    Easter holidays is approaching and I have just opened a N&P Gold account, mainly for the free overseas debit card usage.

    Perfect timing.
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