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A BIT OF ADVICE PLEASE

Bobby4puddings · 2024-02-01 15:28:30

Is it worth the wife and I putting £100k into a good easy access savings account I have at 5.08% and sucking up the Personal Tax Allowance, or where else can I put it? We are both 20% tax payers. I really don't trust stocks and shares, they seem to much of a risk to me. Premium bonds and cash ISA's are at there limit.

Comments

tony_1 Posts: 44 Forumite

4 February 2024 at 11:35AM

Some in fixed or regular savings not paying interest till after start of new tax year or longer ?
With most regular savers you can still have access to money even if it means closing account.
Then I am sure you will be topping up next years ISA to keep taxable amount down.

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