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where to save if i don't pay tax?

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  • Eco_Miser
    Eco_Miser Posts: 4,902 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    The account being described is designed to save £300 a month, but allows you to under-pay some months and then catch-up later (but doesn't let you over-pay in advance).
    If you consistenly underpaid for 11 months, you could make a big payment in the final month to catch-up, although this is almost pointless, as interest is only paid on money for days it is actually in the account, which would only be the final 30 days or so.
    Eco Miser
    Saving money for well over half a century
  • qaz
    qaz Posts: 63 Forumite
    ah right ...i must be getting thick. thanx
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