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2025-05-16 07:15:35 UTC
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Adrian on Nostr: My wife has just corrected me on this! Relatively recently introduced generous ...

My wife has just corrected me on this!

Relatively recently introduced generous allowances mean that most people won't actually have to pay tax on savings interest. With this in mind, ISAs will only benefit the wealthy, so limiting their scope is in fact a progressive measure.

https://www.gov.uk/apply-tax-free-interest-on-savings