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Nationwide Bond interest

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Comments

  • Albermarle
    Albermarle Posts: 29,167 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    edited 22 August at 3:08PM
    Surely, it's better to have your interest paid and declared annually than have it all declared for tax in one year, particularly if you are a border line tax payer.   Having interest paid annually may keep you within the annual savings allowances, but declaring it all in one lump sum, may push you above the savings thresholds for that year.
    Yes, in general it is better that the interest is spread over more than one tax year.
    The issue is that it is not clear that all savings providers are doing it the same way for some unexplained reason.
  • metrobus
    metrobus Posts: 1,784 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    lindabea, thats exactly what i am hoping.
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