Millions face savings tax bill as PSA turns 10 years old
6 April 2026
Millions of savers could face an unexpected tax bill as the Personal Savings Allowance marks its 10-year anniversary on 6 April. Despite changing interest rates and fiscal drag, the allowance has never been amended. According to research by Moneyfacts, savers who locked £20,000 into the top one-year fixed bond of 4.58% in March 2025...
