Tax on savings - help please!

Dazed_and_confused

And don't forget your taxable salary may often be less than your real salary i.e. salary £17,000 - 5% pension contribution under net pay arrangement = £16,150 taxable salary (the bit that goes on your P60).

lizferris1984

londoninvestor wrote: »

You might consider notice accounts - e.g. Charter Savings Bank is paying 1.9% on a 95-day notice account.

Thanks for this. A notice account would be my ideal option I think. The most important thing for me is that it's not instant access. But on further consideration (and conversations with my dad) a fixed rate bond will be too long term

I've now started saving with Skipton Building Society - they do a notice account. It's 1.2% but I would like all my savings in the same place. So I think I will go for this.