27/06/2022
๐๐ก๐๐ญ ๐ข๐ฌ ๐ฒ๐จ๐ฎ๐ซ ๐๐๐ซ๐ฌ๐จ๐ง๐๐ฅ ๐๐๐ฏ๐ข๐ง๐ ๐ฌ ๐๐ฅ๐ฅ๐จ๐ฐ๐๐ง๐๐?
The PSA is a tax-free allowance that means savers can earn up to a certain amount of interest on their cash ๐๐
ธ๐๐
ท๐
พ๐๐ being charged tax on that interest.
The allowance applies to a wide range of products, including bank, building society and credit union accounts; NS&I products; investments such as investment trusts, unit trusts, corporate and government bonds; and compensation payments for financial mis-selling, among other sources of savings. Importantly, the interest you earn on your Cash ISA doesn't count towards your PSA. Speak to an adviser to find out more. ๐