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Coventry Triple Access saver & Tax
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sparkiemalarkie
Posts: 941 Forumite
Hello, I am just about to exceed the £1,000 tax free interest allowance.
Am I right in thinking that, if I opened a Coventry Triple Access saver (4.83%) today, and interest is paid annually on the anniversary of opening then I won't be liable to pay tax on the interest in the current tax year?
tia
sx
Am I right in thinking that, if I opened a Coventry Triple Access saver (4.83%) today, and interest is paid annually on the anniversary of opening then I won't be liable to pay tax on the interest in the current tax year?
tia
sx
0
Comments
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Yes, that's right, same as any account that pays interest in the next financial yearIt's a variable rate account so if (when) the rate drops you could move the money out to a better rate account (using one of your triple accesses) and then close it 06/04/2025 to get the interest earned to date without having to wait until Oct 20251
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