Unbiased.co.uk says do not pay extra tax
www.moneynews.co.uk > Banking > Unbiased.co.uk says do not pay extra tax
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Unbiased.co.uk says do not pay extra tax
Wed 23rd Sep 2009
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This allowance is being raised for over-50s on October 6th, which will allow them to save even more money tax-free.
David Elms, chief executive of Unbiased.co.uk, pointed out that it is more important than ever to get a good return on savings because of the low-interest environment that is currently in place .
The Bank of England base interest rate is still at its lowest-ever rate of 0.5 per cent which impacts the return banks and building societies are willing to offer.
"Consumers should make sure they are using as much of their tax-efficient Isa allowance as possible, in order to avoid unnecessary tax payments," added Mr Elms.
Research by the comparison site indicated that £109 million is being wasted by savers not using Isas as much as they could.
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