Millions of savers urged to act quickly to claim 10p tax rate benefit

The perk allows those on low incomes, typically pensioners, to pay 10p in the pound tax on some of their savings income instead of the standard 20p. But only a small number ever actually claim it. HM Revenue & Customs figures reveal only 525,000 out of an estimated two million eligible for the break claim an average of £90 a year, according to the Daily Mail. Last year, the Treasury threatened to scrap the 10p rate, saying it was too complicated. However trade groups the Building Societies Association and the British Bankers' Association have since produced leaflets to help savers ...