Every tax year, which runs from April 6 to April 5 the following year, most people can receive a certain amount of savings interest without having to pay tax on it, known as your Personal Savings Allowance. Prior to 2016, interest from savings was paid with tax taken off unless you specifically asked for the … [Read more…]
Melanie Wright is money editor at Rest Less. An award-winning financial journalist, she has written about personal finance for the past 25 years, and specialises in mortgages, savings and pensions. She is a former Deputy Editor of The Daily Telegraph’s Your Money section, wrote the Sunday Mirror’s Money section for over a decade, and has … [Read more…]
When we set out to build Rest Less, we wanted to be a trusted place where you could find helpful information about a wide range of topics and issues affecting the over 50s. As a free to use resource, we try hard to provide the best information we can, but we cannot guarantee we won’t … [Read more…]
You’ve worked hard to build up your savings, so you’ll want to know that they are working as hard as they possibly can for you, too. Leaving your money languishing in a low-interest-paying account could see you miss out on hundreds, if not thousands, of pounds in interest over time. For example, someone putting £20,000 … [Read more…]
Oliver Maier writes about a diverse range of topics relating to personal finance with a focus on mortgage and insurance content, as well as everyday finance. Oliver graduated from the University of Warwick with a degree in English Literature and now lives in London. In his spare time he enjoys music, film, and the Guardian’s … [Read more…]
Oliver Maier writes about a diverse range of topics relating to personal finance with a focus on mortgage and insurance content, as well as everyday finance. Oliver graduated from the University of Warwick with a degree in English Literature and now lives in London. In his spare time he enjoys music, film, and the Guardian’s … [Read more…]
Oliver Maier writes about a diverse range of topics relating to personal finance with a focus on mortgage and insurance content, as well as everyday finance. Oliver graduated from the University of Warwick with a degree in English Literature and now lives in London. In his spare time he enjoys music, film, and the Guardian’s … [Read more…]
That entirely depends on how lucky you are! Whereas with a savings account you’ll definitely receive the advertised rate of interest, if you have Premium Bonds, there’s no guarantee you’ll win anything at all. If you are considering putting money into Premium Bonds, you’ll need to consider the fact that in the average month, the … [Read more…]