A million more people set to pay tax on savings this year
22 August 2023
A million more people are set to pay tax on savings this year amid rising interest rates and frozen tax thresholds, says AJ Bell. It is estimated that over 2.7 million individuals will pay tax on cash interest in 2023-24, up a million year-on-year. The total includes nearly 1.4 million basic rate taxpayers, a...
