Basic rate taxpayer can earn £1,000 in savings interest without paying tax . Current rates requires more than £70,000 to go over the new allowance . Comment: The Palmers from Nottinghamshire say the announcement is 'fantastic ' It will mean they can to keep all of the interest on their £45,000 savings .
Basic rate taxpayer can earn £1,000 in savings interest without paying tax . Current rates requires more than £70,000 to go over the new allowance . Chancellor has handed 20 % boost to rates earned by most savers in UK . The Palmers from Nottinghamshire say the announcement is 'fantastic ' It will mean they can to keep all of the interest on their £45,000 savings .