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Regular savers and interest
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midge406
Posts: 51 Forumite
How will the new tax free savings up to £1000 work with regular savers that were stated in the 2015/2016 tax year but end in the 2016/2017 tax year? Will the bank pay out some of the interest tax free?
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Interest is taxed in the tax year it is paid...not when it was earned/accrued.0
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