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trippyboy

  • Posts: 747
Tax dosh
« on: April 24, 2014, 08:54:02 pm »
Just wondering what accounts ppl use to save for income tax?
Any accounts out there that pay good interest?
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Jonny 87

  • Posts: 3488
Re: Tax dosh
« Reply #1 on: April 24, 2014, 09:46:45 pm »
Quote from: trippyboy on April 24, 2014, 08:54:02 pm
Just wondering what accounts ppl use to save for income tax?
Any accounts out there that pay good interest?

Doesn't matter really.

You have to declare any interest that money you have set aside for tax accrues.

Don't you already do that?  ;)
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Vision Technician / Visual Engineer /  Vision Enhancement Operative /...........................................................OnlyUseMeWFP AkA Jonny the Windy Wesher

AuRavelling79

  • Posts: 25405
Re: Tax dosh
« Reply #2 on: April 24, 2014, 09:49:01 pm »
Quote from: trippyboy on April 24, 2014, 08:54:02 pm
Just wondering what accounts ppl use to save for income tax?
Any accounts out there that pay good interest?

HSBC do a regular saver paying 4% for their current account custies. If you save the max of £250 a month you get about £60 in interest on top of your £3000. I've done this the last two years.
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It's a game of three halves!

trippyboy

  • Posts: 747
Re: Tax dosh
« Reply #3 on: April 24, 2014, 09:53:48 pm »
Quote from: Granville Gold on April 24, 2014, 09:49:01 pm
Quote from: trippyboy on April 24, 2014, 08:54:02 pm
Just wondering what accounts ppl use to save for income tax?
Any accounts out there that pay good interest?

HSBC do a regular saver paying 4% for their current account custies. If you save the max of £250 a month you get about £60 in interest on top of your £3000. I've done this the last two years.
cheers Malc
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Window Lickers

  • Posts: 2196
Re: Tax dosh
« Reply #4 on: April 24, 2014, 10:56:42 pm »
Premium bonds.
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Quote from: C o z y on January 10, 2015, 05:01:20 pm
Liberace's ex looking to meet well built men for cottaging meets.

Ian Lancaster

  • Posts: 2811
Re: Tax dosh
« Reply #5 on: April 24, 2014, 11:00:32 pm »
If you pay the money to HMRC they will pay interest at a good rate up to the time the money is actually due.  Can't remember what the rate is but it's definitely worth it, I pay as soon as the demand comes in which is usually a few months from the 'Payment Due' date, then when it's due I get the interest as a rebate :)
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C o z y

  • Posts: 7775
Re: Tax dosh
« Reply #6 on: April 24, 2014, 11:50:50 pm »
Tax tosh?
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Quote from: Hilton on September 16, 2015, 12:15:35 pm
No still don't understand, I must be thick

Mist A Bit

  • Posts: 1032
Re: Tax dosh
« Reply #7 on: April 25, 2014, 01:46:25 am »
What's tax lol
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Ian101

  • Posts: 7887
Re: Tax dosh
« Reply #8 on: April 25, 2014, 06:51:12 am »
Quote from: Not God. on April 24, 2014, 10:56:42 pm
Premium bonds.

+1 ................ be good to win the million with the taxmans money  :)
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