Regular Saver Thread **New and Restarted**

Lmr

If I dont work and not in paid employed tax bracket do I still pay tax on saving. I’m so confused trying to find information. Thank you.

eskbanker

Lmr wrote: »

If I dont work and not in paid employed tax bracket do I still pay tax on saving. I’m so confused trying to find information. Thank you.

This isn't really a question specifically about regular saver accounts so probably ought to be asked elsewhere, but in short, if your total income is below £18,500 then chances are you won't need to pay tax on savings interest, but as might be expected there are many potential complexities so it isn't practical to give a simple yes/no answer to your question without sight of more details.

However, check out articles such as:
https://www.moneysavingexpert.com/savings/tax-free-savings/
https://www.litrg.org.uk/tax-guides/tax-basics/what-tax-rates-apply-me
and if you need further assistance, start a new thread with more detail about your circumstances (total income from each source, tax codes, marriage status, country of residence, etc)....

solartom

Re Virgin RS Issue 17
will be available as of Friday 2 pm just had call from my local branch

schiff

solartom wrote: »

Re Virgin RS Issue 17
will be available as of Friday 2 pm just had call from my local branch

The enticing prospect of deposits on 31/5 and 1/6

schiff

schiff wrote: »

The enticing prospect of deposits on 31/5 and 1/6

Had the choice, 15.30 today or next week. Guess which I went for

quirkydeptless

solartom wrote: »

Re Virgin RS Issue 17
will be available as of Friday 2 pm just had call from my local branch

Click on the following link, and it magically changes to Issue_17 !


https://uk.virginmoney.com/savings/products/regular_saver_issue_16

IanManc

solartom wrote: »

Re Virgin RS Issue 17
will be available as of Friday 2 pm just had call from my local branch

Thanks for this. I would never have imagined them launching a new issue at 2pm on the 31st of the month, thus allowing another payment tomorrow, so I wouldn't have checked the website if you hadn't posted.

I opened my Issue 17 account this afternoon. :beer:

schiff

IanManc wrote: »

Thanks for this. I would never have imagined them launching a new issue at 2pm on the 31st of the month, thus allowing another payment tomorrow, so I wouldn't have checked the website if you hadn't posted.

I opened my Issue 17 account this afternoon. :beer:

I know, it is odd! But it's an extra £7.50 for being lucky - near a store and getting an appointment today. I have long felt sympathy for people out of reach of a store, and usually plead their case each time I get the chance. I usually hear that 'they are considering it' or 'it's complicated with the link up with Clydesdale'.

xylophone

I live very near a store but no appointments today, tomorrow or Monday and will be out and about for a few days so it's Friday for me....

I am old enough to remember the days when for a branch based account with a building society/bank, you just filled in a form, took it to the counter with your initial deposit and the clerk took the cash and issued a passbook - the lord only knows why we need all this appointments malarkey!

schiff

It's the amount of security and protection against life's ills that requires the time. Just modern ways against the old times' freedom from crooks, fraudsters, stealing PINs, cloning CCs, etc.