No tax on the first £ ##500 of savings savers earn from their savings eggs . this means 50 % of savers will no longer pay any tax on savings . The move will benefit 17 million who have put aside up to around £ ##500 . banks said it meant ' tax free banking for almost the entire population ’
No tax on the first £1,000 of interest savers earn from their nest eggs . Announcement means 95 % of savers will no longer pay any tax on savings . The move will benefit 17 million who have put aside up to around £35,000 . Osborne said it meant 'tax free banking for almost the entire population ’