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Millions of savers face bigger tax bills as Treasury take set to hit record £9.1bn – NATIONAL NEWS
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Millions of savers face bigger tax bills as Treasury take set to hit record £9.1bn – NATIONAL NEWS
Millions of people with money in savings accounts are expected to face tax bills on their interest as the amount collected by the Treasury is forecast to reach a record £9.1 billion. Around 4.7 million people are expected to pay tax on savings interest in 2027-28, according to HM Revenue and Customs figures obtained under the Freedom of Information Act. That would be around 200,000 more people than in the current tax year. The average amount pai…
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