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Martin Lewis: Low earner? You need to know about the starting rate for savings

MoneySavingExpert.com 13 views

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Comments


@veesvoyages
 Thank you for explaining this in a clear and concise way! It's shocking that savings are taxed
Comment from : @veesvoyages


@Dailylifeukvlog
 Thanks for sharing from ukvlog
Comment from : @Dailylifeukvlog


@daviecrocket9160
 If you earn £12000 a year you are homeless right?
Comment from : @daviecrocket9160


@JordanLynch-o9c
 Leave your 12k slave job and learn about crypto
Comment from : @JordanLynch-o9c


@guss2099
 Savings should never be taxed Keep your money under the mattress and do not tell anyone!
Comment from : @guss2099


@AngelaBee_13
 Although you do have to repay student loan on any interest over £2k I believe
Comment from : @AngelaBee_13


@SpecialXMANIAK
 Technically, everyone working full time earning under 35k is low earner, which is probably like 70 of workers
Comment from : @SpecialXMANIAK


@turbostream7925
 I spent an hour on the phone to HMRC this morning as they decided my tax code should be 865l After our discussion the advisor agreed with me that actually I shouldn’t be paying tax as their system took my savings interest off my personal allowancebrThis savings allowance isn’t always automatically applied so be careful if like me your savings income is around the personal allowance
Comment from : @turbostream7925


@TheDigitalAura
 It's ludicrous that we are taxed on savings in the first place
Comment from : @TheDigitalAura


@station-7
 I still don’t get it…
Comment from : @station-7


@dianebaker5243
 Thank you
Comment from : @dianebaker5243


@satyasyasatyasya5746
 b"low earner?" um lets call it what it is: "wage supressed," "exploited" ok?/bbrwe can't fix problems especially systemic ones, without admitting we have a problem
Comment from : @satyasyasatyasya5746

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