HMRC taxes interest savers haven’t received after plunging rates
Charged a tax bill for savings interest you weren’t paid? HMRC is still estimating earnings based on previous years despite 2020’s plunging rates Basic rate taxpayers can earn up to £1,000 a year in interest tax-free Coupled with falling rates it means 95% of savers don’t pay tax on their returns However a Cambridgeshire man … Read more