{"id":7734,"date":"2016-03-12T14:01:10","date_gmt":"2016-03-12T07:01:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/personal-savings-allowance-changes-should-i-still-get-a-cash-isa\/"},"modified":"2016-03-12T14:12:58","modified_gmt":"2016-03-12T07:12:58","slug":"personal-savings-allowance-changes-should-i-still-get-a-cash-isa","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/personal-savings-allowance-changes-should-i-still-get-a-cash-isa\/","title":{"rendered":"Personal savings allowance changes: should I still get a cash Isa?"},"content":{"rendered":"


\nThe 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 the interest earned on savings accounts and passed the money to the taxman. But from 6 April this decades-old system will be swept away, and all the interest earned on your savings will be paid out in full, without any tax deducted.What\u2019s more, the government is introducing a personal savings allowance of up to \u00a31,000 a year in interest, which means the vast majority of people won\u2019t have to pay tax on their savings income. In the past, the cash Isa sheltered your savings from tax \u2013 but now people are asking if there is any point in having an Isa any more. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Personal savings allowance changes: should I still get a cash Isa?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The new allowance will let most people earn up to \u00a31,000 a year in interest...<\/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-7734","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\/p75ss1-20K","jetpack-related-posts":[{"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":7734,"position":0},"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":[]},{"id":8236,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/has-the-cash-isa-become-pointless\/","url_meta":{"origin":7734,"position":1},"title":"Has the cash Isa become pointless?","date":"March 23, 2015","format":false,"excerpt":"\r With its 7.25% tax-free interest rate, people raved about Labour chancellor Gordon Brown\u2019s new savings vehicle in 1999. Not any longer Boyzone, the Backstreet Boys and Westlife were topping the charts in 1999, and then chancellor Gordon Brown scored a little hit of his own. In April, he launched\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47669,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/isas-back-in-favour-after-tax-allowance-hike\/","url_meta":{"origin":7734,"position":2},"title":"Isas back in favour after tax allowance hike","date":"March 11, 2017","format":false,"excerpt":"\r The cut to share dividends from next year looks set to revitalise Isa saving, and the government has raised the allowance from \u00a315,240 per person to \u00a320,000A new tax-free Isa allowance that comes into force next month will allow wealthy couples to put more than \u00a370,000 beyond the reach\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20989,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/internet-peer-to-peer-lenders-offer-savings-rates-that-are-peerless\/","url_meta":{"origin":7734,"position":3},"title":"Internet peer-to-peer lenders offer savings rates that are peerless","date":"October 10, 2015","format":false,"excerpt":"\r I\u2019ve long been wary of P2P lending, but high street banks are offering such paltry returns. So I\u2019ve taken the plungeThe easy saver account at my bank pays a princely 0.25% interest. If I open up its cash Isa and take advantage of my tax-free allowance instead, the rate\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49646,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-an-isa-the-best-home-for-your-nest-egg\/","url_meta":{"origin":7734,"position":4},"title":"Is an Isa the best home for your nest egg?","date":"March 25, 2017","format":false,"excerpt":"\r There are many Isa options open to savers these days, but the original tax-free vehicle is still worth a lookYou only have until 5 April to take advantage of your \u00a315,240 Isa allowance. So should you be investing your cash in an Isa? 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