Regular savings account & fixed rate ISA - advice please!

Froglet

Hi again.What i have been doing in the past before i am unfortunately becoming a non tax payer,is max out my isa ifirst,then use the hsbc regular saver to fund the next years.The advice is always to use an Isa first if a tax payer but it is quite different if you are not.This rate of 8% never seems to change,i find other savings rates from the Hsbc quite low but their current account suits me fine.

neilp

It depends how long you are likely to be a non tax payer. If it is a long-term situation, I would go with higher paying regular savings accounts. If you are likely to be a tax payer again soon, I would still use the ISA allowance, particularly if you plan on holding onto your savings over the long term