After nearly 15 years of low interest rates, savers are now enjoying some decent income produced by the money they hold in banks and building society deposits, even while borrowers are feeling the pinch.

But those savers may not have realised that higher rates, plus some changes made a few years ago, mean there’s a potential sting in the tail…

#meaningfulmoney #meaningfulacademy #interestrate

🔗 Do you need to do a tax return? https://www.gov.uk/check-if-you-need-...
🔗 TaxCalc: https://www.taxcalc.com/individual

👉 MeaningfulAcademy - Retirement Planning: https://meaningfulacademy.com/retirem...

🏷️ Use PROMO Code "YOUTUBE" to save on any of the three courses.

Chapters:
0:00 Intro
0:35 Two changes = A new problem?
1:39 Do you need to do a tax return?
2:36 Doing a tax return
4:31 Software alternative - TaxCalc
5:00 Resolution

📙 The MeaningfulMoney Handbook: http://petesbook.com
The MeaningfulMoney Community (Facebook):
👉 https://meaningfulmoney.tv/community

👉 Life Insurance with LifeSearch: https://meaningfulmoney.tv/lifesearch
👉 Farewill - Discount off your Will: https://meaningfulmoney.tv/resources/...

FOLLOW ME:
✔ Facebook:   / meaningfulmoney  
✔ Twitter:   / meaningfulmoney  
✔ Instagram:   / meaningfulmoney.tv  
✔ LinkedIn:   / petematthew  
✔ Website & Podcast: https://meaningfulmoney.tv

⚠️ IMPORTANT: Please be aware that MeaningfulMoney does NOT endorse or recommend ANY people or businesses claiming to be experts in crypto or other investments. We would never recommend you any investment strategies within the comments section. Please protect yourself against spam and misleading information from fake accounts and please do not share any private or sensitive information.

📫 Leave me a comment below - I read all of them and love hearing from you!