Publisher's Synopsis
Tax-Free Cash shows you how to enjoy much more tax-free interest income.
Revised in March 2024 it's completely up to date following the Spring Budget, with numerous tax-saving tips and strategies you can follow to boost the returns on your cash. Written in plain English with dozens of easy to follow examples.
Subjects covered include:
- The importance of earning a real return on your savings
- How to earn up to £6,000 of tax-free interest income every year
- How to save income tax by delaying your interest income
- How company owners can enjoy more tax-free interest than other taxpayers
- How to get the most out of tax-free cash ISAs
- Using money market funds to boost your interest income
- Tax-free interest vs tax-free capital gains (cash ISAs vs stocks and shares ISAs)
- The benefits and drawbacks of Innovative Finance ISAs
- Gifting money to your children so your family can enjoy more tax-free interest
- Using pension contributions to reduce the tax payable on your interest income
- How to effortlessly enjoy the highest interest rates by using savings platforms
- Earning tax-free 'interest' from premium bonds
- How company owners and sole traders can earn more interest on their business cash
- How to earn much more tax-free interest by reducing your debt
- Everything you need to know about the Financial Services Compensation Scheme
