Donate SIGN UP

Tax-free savngs

Avatar Image
GKW | 10:41 Sat 16th Jan 2010 | Personal Finance
2 Answers
Why are tax-free savings not right for someone who is not a taxpayer?
Gravatar

Answers

1 to 2 of 2rss feed

Best Answer

No best answer has yet been selected by GKW. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Because non-taxpayers don't have to pay tax on the interest recieved from savings anyway.
Yes, the statement is generally true for the reason given by dasherman.
However, it would be wrong to that tax-free savings are always 'not right' for a non-taxpayer. Because of the competitive nature of ISAs better rates can often be obtained from best-buy ISAs than from other gross-paying accounts.

1 to 2 of 2rss feed

Do you know the answer?

Tax-free savngs

Answer Question >>

Related Questions

Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.