{"id":11716,"date":"2016-04-30T13:00:17","date_gmt":"2016-04-30T06:00:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/britain-is-a-savers-paradise-but-only-for-the-few\/"},"modified":"2016-04-30T13:09:52","modified_gmt":"2016-04-30T06:09:52","slug":"britain-is-a-savers-paradise-but-only-for-the-few","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/britain-is-a-savers-paradise-but-only-for-the-few\/","title":{"rendered":"Britain is a savers\u2019 paradise \u2026 but only for the few"},"content":{"rendered":"


\nWe get access to more tax breaks than almost any other developed country, but not everyone has the money to benefitWell-off Brits are living in a savings paradise. There is almost no need to head off to Panama or the Caymans when Britain itself is such a tax haven. You may not think this, given the miserably low interest rates on savings accounts, but Brits \u2013 or, to be more accurate, Britain\u2019s upper-middle classes, because few others have the money \u2013 get access to more tax breaks than virtually anyone else in the developed world.Take the new personal savings allowance (PSA). The first \u00a3500 of savings interest is now tax-free if you are a 40% taxpayer. This roughly equates to zero tax on the first \u00a335,000 or so of savings balances. It\u2019s worth more to a lower-rate taxpayer, who can shield \u00a370,000 in savings from tax, but show me someone on average earnings who has that much in savings and I\u2019ll show you a junior doctor who supports Jeremy Hunt. The truth is that the main beneficiaries of the new PSA will be the already well-off. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Britain is a savers\u2019 paradise \u2026 but only for the few<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We get access to more tax breaks than almost any other developed country, but not...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-11716","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-32Y","jetpack-related-posts":[{"id":6938,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/theres-a-savings-revolution-coming-be-prepared\/","url_meta":{"origin":11716,"position":0},"title":"There\u2019s a savings revolution coming \u2013 be prepared","date":"March 21, 2015","format":false,"excerpt":"\r The budget saw the chancellor do away with tax on deposits, putting the humble cash Isa\u2019s existence in danger and opening a number of avenues for canny saversThis week George Osborne handed savers the biggest tax break in decades. Some people will be able to put as much as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7734,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/personal-savings-allowance-changes-should-i-still-get-a-cash-isa\/","url_meta":{"origin":11716,"position":1},"title":"Personal savings allowance changes: should I still get a cash Isa?","date":"March 12, 2016","format":false,"excerpt":"\r The new allowance will let most people earn up to \u00a31,000 a year in interest tax-free. For many, the cash Isa could become pointlessNext month will see a revolution in how your bank and building society accounts are taxed. Until now, your account provider has automatically whipped 20% from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44017,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savings-scottish-friendly-investment-was-a-let-down\/","url_meta":{"origin":11716,"position":2},"title":"Savings: Scottish Friendly investment was a let-down","date":"May 2, 2009","format":false,"excerpt":"\r Tony Levene meets a saver whose not-so-friendly tax-free plan generated a pittanceFifty-six pence - barely enough for a pot of yogurt or a packet of crisps. But that's exactly how much Claire McDermott was told she would get after saving \u00a325 a month over 10 years with Scottish Friendly.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149473,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nationwide-warns-reeves-against-cutting-tax-breaks-on-cash-isas\/","url_meta":{"origin":11716,"position":3},"title":"Nationwide warns Reeves against cutting tax breaks on cash Isas","date":"February 12, 2025","format":false,"excerpt":"\r City wants more investment in stocks but move could reduce availability of mortgages for first-time buyers Britain\u2019s biggest building society has waded into a row over whether the government should cut tax breaks on cash Isas, arguing such a move would reduce the availability of mortgages for first-time buyers.In\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79422,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/taxation-of-savings-and-dividends-in-france\/","url_meta":{"origin":11716,"position":4},"title":"Taxation of Savings and Dividends in France","date":"February 9, 2018","format":false,"excerpt":"\r The French government have introduced a single rate \u2018flat tax\u2019 for savings interest, dividend income and capital gains on the sale of shares.\r \r Source : french-property.com\r Read more...Taxation of Savings and Dividends in France","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8232,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-expert-calls-for-tax-free-isas-to-be-made-lifetime-savings-accounts\/","url_meta":{"origin":11716,"position":5},"title":"Pension expert calls for tax-free Isas to be made lifetime savings accounts","date":"August 5, 2014","format":false,"excerpt":"\r Savings proposal suggests the Treasury could contribute 50p for every pound saved, up to an annual allowance of \u00a38,000Tax-free Isas should be transformed into \"lifetime\" savings accounts topped up with Treasury cash, according to a leading pensions expert.Michael Johnson, a research fellow at the Centre for Policy Studies thinktank,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/11716"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=11716"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/11716\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=11716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=11716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=11716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}