7 August 2025
Are you one of the 2.6 million people paying tax on your savings?The number of people paying tax on their savings income is set to quadruple in just four years, according to new data obtained by AJ Bell. A Freedom of Information request reveals that 2.64 million people are expected to be hit with tax on their savings in the 2025/26 tax year – up from just 647,000 in 2021/22. It means that one in 15 taxpayers are...