Cash savings rates rise but watch out for the tax sting

Laura Suter looks at a bit of good news among the gloom – cash savings rates

clock • 3 min read
Laura Suter: Cash savings rates rise but watch out for the tax sting
Image:

Laura Suter: Cash savings rates rise but watch out for the tax sting

Savers are, finally, once again getting some bang for their buck, writes Laura Suter. But, she warns, there could be a tax sting the tail for some…

Good news is in short supply at the moment. But amid the headlines packed with the cost-of-living crisis, soaring energy bills and rising mortgage rates, there is a bright spot: savers are getting ...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

The U-turn comes after several Tory MPs voiced their opposition to the plan | Credit: HM Treasury

Chancellor scraps plans to remove 45% income tax rate for high earners

'Has become a distraction from our overriding mission'

Valeria Martinez
clock 03 October 2022 • 2 min read
High net worth 'did not ask for tax cuts' survey finds

High net worth 'did not ask for tax cuts' survey finds

Almost three quarters of HNW think they pay the right amount of tax

Hope William-Smith
clock 27 September 2022 • 1 min read
When is a tax cut not a tax cut? Scott Gallacher's take on the Mini Budget

When is a tax cut not a tax cut? One adviser's take on the Mini Budget

IFA Scott Gallacher shares his thoughts on 'cutting' taxes

Scott Gallacher
clock 23 September 2022 • 2 min read