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Do I Have to Pay Tax on Savings And Why?

Do I Have to Pay Tax on Savings And Why?

by Yesim Tilley | Oct 12, 2025 | Latest Posts

Why Savings Can Be Taxed? Many people think the money in their bank or savings account is safe from tax. But in the UK, interest earned on savings is treated as income. This means it may count towards your total taxable income and could be taxed depending on your...

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