Cash ISAs: The Best Currently Available List

Nick_C

2010 said:

If your income exceeds £18,570 then you pay tax on everything above that.
The savings interest is sent by the providers to HMRC in July/August and if you owe any tax you will get a P800 in October telling you how much you owe and your code will be adjusted the following April to claw it back.

Very misleading statement in isolation. 

My income exceeds £18570, but I dont pay tax on interest from non ISA savings as the interest is below £1000 a year.

I can also have up to £1000 of miscellaneous income which is covered by the trading allowance. 

2010

Nick_C said:

2010 said:

If your income exceeds £18,570 then you pay tax on everything above that.
The savings interest is sent by the providers to HMRC in July/August and if you owe any tax you will get a P800 in October telling you how much you owe and your code will be adjusted the following April to claw it back.

Very misleading statement in isolation. 

My income exceeds £18570, but I dont pay tax on interest from non ISA savings as the interest is below £1000 a year.

I can also have up to £1000 of miscellaneous income which is covered by the trading allowance. 

Wrong board it`s the tax board you need to post on.
Your obviously not on PAYE.

Nick_C

2010 said:

Nick_C said:

2010 said:

If your income exceeds £18,570 then you pay tax on everything above that.
The savings interest is sent by the providers to HMRC in July/August and if you owe any tax you will get a P800 in October telling you how much you owe and your code will be adjusted the following April to claw it back.

Very misleading statement in isolation. 

My income exceeds £18570, but I dont pay tax on interest from non ISA savings as the interest is below £1000 a year.

I can also have up to £1000 of miscellaneous income which is covered by the trading allowance. 

Wrong board it`s the tax board you need to post on.
Your obviously not on PAYE.

1)  I was responding to your post - which perhaps should be on the tax board.

2)  I am on PAYE.   

2010

Nick_C said:

2010 said:

Nick_C said:

2010 said:

If your income exceeds £18,570 then you pay tax on everything above that.
The savings interest is sent by the providers to HMRC in July/August and if you owe any tax you will get a P800 in October telling you how much you owe and your code will be adjusted the following April to claw it back.

Very misleading statement in isolation. 

My income exceeds £18570, but I dont pay tax on interest from non ISA savings as the interest is below £1000 a year.

I can also have up to £1000 of miscellaneous income which is covered by the trading allowance. 

Wrong board it`s the tax board you need to post on.
Your obviously not on PAYE.

1)  I was responding to your post - which perhaps should be on the tax board.

2)  I am on PAYE.   

If you want to be helpful and help others on this matter maybe you should elaborate on how you earn above £18,570 and still avoid tax on savings interest.

ColdIron

2010 said:

Nick_C said:

2010 said:

Nick_C said:

2010 said:

If your income exceeds £18,570 then you pay tax on everything above that.
The savings interest is sent by the providers to HMRC in July/August and if you owe any tax you will get a P800 in October telling you how much you owe and your code will be adjusted the following April to claw it back.

Very misleading statement in isolation. 

My income exceeds £18570, but I dont pay tax on interest from non ISA savings as the interest is below £1000 a year.

I can also have up to £1000 of miscellaneous income which is covered by the trading allowance. 

Wrong board it`s the tax board you need to post on.
Your obviously not on PAYE.

1)  I was responding to your post - which perhaps should be on the tax board.

2)  I am on PAYE.   

If you want to be helpful and help others on this matter maybe you should elaborate on how you earn above £18,570 and still avoid tax on savings interest.

The Personal Savings Allowance

Nick_C

2010 said:

Nick_C said:

2010 said:

Nick_C said:

2010 said:

If your income exceeds £18,570 then you pay tax on everything above that.
The savings interest is sent by the providers to HMRC in July/August and if you owe any tax you will get a P800 in October telling you how much you owe and your code will be adjusted the following April to claw it back.

Very misleading statement in isolation. 

My income exceeds £18570, but I dont pay tax on interest from non ISA savings as the interest is below £1000 a year.

I can also have up to £1000 of miscellaneous income which is covered by the trading allowance. 

Wrong board it`s the tax board you need to post on.
Your obviously not on PAYE.

1)  I was responding to your post - which perhaps should be on the tax board.

2)  I am on PAYE.   

If you want to be helpful and help others on this matter maybe you should elaborate on how you earn above £18,570 and still avoid tax on savings interest.

The £1000 personal savings allowance for basic rate tax payers is common knowledge to most people on these threads.  I am surprised you don't know about it, but you can read about it at https://www.gov.uk/apply-tax-free-interest-on-savings 

Murielson

Came here looking for this ........... 

Cash ISAs: The Best Currently Available List

csw5780

Murielson said:

Came here looking for this ........... 

Cash ISAs: The Best Currently Available List

It’s on page 1 👍🏻

FishInGlass

Shawbrook 1yr fixed now 4.84%, 2yr 4.64%, 3yr 4.48%, 5yr 4.14%

Castle Trust 1yr fix 4.87%

Moving in the right direction. Maybe an option for some of my Zopa smart ISA money?

refluxer

FishInGlass said:

Shawbrook 1yr fixed now 4.84%, 2yr 4.64%, 3yr 4.48%, 5yr 4.14%

Castle Trust 1yr fix 4.87%

Moving in the right direction. Maybe an option for some of my Zopa smart ISA money?

Note that you can't do partial ISA transfers-out from Zopa so you'd have to transfer out all of your ISA funds together (including all access and fixed pots, paying penalties for the latter).