HMRC Targets 144,000 Savers with £5,000+ Tax Demands on Savings Interest Monday, June 15, 2026 hmrc tax savings interest cashisa treasury investment finance taxation savers HM Revenue & Customs (HMRC) is intensifying its efforts to collect tax from savers, sending £5,000-plus tax demand letters to 144,000 individuals. According to data obtained through a Freedom of Information request, the … Read More
£5,000 HMRC Charge to Impact 144,000 Savers by 2026 Saturday, June 13, 2026 hmrc tax savings interest paragon savers finance isa accounts balance A recent Freedom of Information request by Paragon Bank reveals a sharp rise in the number of savers expected to pay £5,000 or more in income tax on their savings interest. HMRC forecasts that 144,000 people will owe at least … Read More
NS&I Issues Important Reminder to 22 Million Premium Bonds Holders Ahead of Rule Changes Wednesday, June 10, 2026 ns&i premiumbonds savings prizes finance investments lottery interest government hmtreasury National Savings and Investments (NS&I) has cautioned its 22 million Premium Bonds holders not to rely on the product as a guaranteed source of income. Although Premium Bonds are a favored savings tool backed by the … Read More
Nationwide Offers Exclusive Fixed Savings Deal: Earn Up to £631 on £10,000 Deposit Sunday, June 7, 2026 nationwide savings fixedrate interest buildingsociety memberexclusive bond themortgageworks mortgage buytolet Nationwide is presenting an exclusive opportunity for its account holders to earn a competitive fixed rate on their savings. With its Member Exclusive Bond, customers can earn a 5% AER/gross fixed interest rate annually for … Read More
Rachel Reeves Proposes 22% Tax on Interest from Stocks and Shares ISAs Wednesday, May 27, 2026 isa tax investment savings reform stocks interest treasury finance government Chancellor Rachel Reeves is reportedly preparing to impose a 22% tax charge on interest earned within stocks and shares ISAs. This move forms part of the Labour government’s plans to reform Individual Savings Accounts (ISAs), … Read More
HMRC Set to Tax Over Two Million UK Households, Average Bill Hits £2,300 Friday, May 15, 2026 hmrc tax savings interest allowance personalallowance personalsavingsallowance taxbands ukfinance income HM Revenue & Customs (HMRC) is poised to charge over two million UK households an average of £2,300 in tax on their savings, according to recent data. A Freedom of Information request has revealed that the number of … Read More