The New Personal Savings Allowance (PSA)

Are you aware that many savers can now benefit from the new PSA, which allows basic rate taxpayers to earn up to £1,000 each year in tax-free savings income (such as interest on bank and building society savings). Higher rate taxpayers can receive up to £500 before paying tax, but the PSA is not available to additional rate taxpayers.

For a review of the tax efficiency of your savings, why not contact us, for a free no obligation review?