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single or joint currant account which is best

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queen_vi
queen_vi Posts: 996 Forumite
Part of the Furniture Photogenic Combo Breaker
in Budgeting & bank accounts
interest allowance.applied to joint accounts  doe's both allowances apply to interest on current account interest ?

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  • eskbanker
    eskbanker Posts: 37,214 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Allowances are applied individually rather than being aggregated as such, i.e. each person includes half of the joint account interest to their personal tax calculation.
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