Do you understand the personal savings allowance? |
MONEYFACTS ARCHIVE. This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Published: 09/03/2016

The personal savings allowance (PSA) comes into effect in just a month's time. It'll see the first £1,000 in savings interest become completely tax-free (£500 for higher rate taxpayers), but the question is, do you understand it? If research from AA Financial Services is anything to go by, you could be at a loss.


Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

blue diamonds

Cookies will, like most other websites, place cookies onto your device. This includes tracking cookies.

I accept. Read our Cookie Policy