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How to sort out my savings?
daphne_descends
Posts: 2,517 Forumite
OH and I use a joint account for salary and bills, with Natwest.
As of now OH is self employed and has to sort out his own tax; I am also doing a bit of extra work (AQA) and will have to do the same.
I thought that the best thing to do would be to stick the tax amount of our salaries into savings so we're not touching them, then ideally when the tax bill is paid we've gained a little.
Does this make sense, and if so any suggestions on where is best?
Thanks in advance
As of now OH is self employed and has to sort out his own tax; I am also doing a bit of extra work (AQA) and will have to do the same.
I thought that the best thing to do would be to stick the tax amount of our salaries into savings so we're not touching them, then ideally when the tax bill is paid we've gained a little.
Does this make sense, and if so any suggestions on where is best?
Thanks in advance
0
Comments
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I too am self employed (always have been) and at the moment put the tax into an Icesave savings account - like you say, at least it keeps it one place and you get some interest. I use to put it into Premium Bonds but our local PO closed so started to use savings accounts (this was before you could buy PBs online)
Hope this helps :beer:0
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