On 6 April 2016, the Government introduced the Personal Savings Allowance. This allows you to earn interest on your savings and current account balance tax free, up to a certain amount.
You can compare our range of savings accounts to help you consider which account might be right for you.
For details on what your Personal Savings Allowance will be in the current tax year, please visit the HMRC website.
If you exceed your Personal Savings Allowance you may still need to pay tax on the interest you earn. HMRC will normally collect this by changing your tax code.
The current tax rules are subject to change by HM Revenue & Customs and the value of tax benefits depends on individual circumstances.
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