Mortgage support
Worried about paying your mortgage? We have various ways that we can help you.
Make the most of your interest and understand how tax works.
Most people don’t need to pay tax on their interest from non-ISA savings accounts. This is because of the Personal Savings Allowance.
Cash ISAs are tax-free. So you don't need to pay any tax on the interest earned. Bear in mind you can only save in one cash ISA in a tax year and there are limits on how much you can save.
The PSA is an allowance for how much interest you can earn from non-ISA savings accounts before you have to pay any tax on it. Whether you get a PSA depends on your tax status.
There are other allowances that may affect how much tax you need to pay. You can find out more on the Government website.