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ISAs, ISAs, baby... cheap flights and pensions boost

The Martin Lewis Podcast

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The Importance of Cash Isers

Money in the cash iser is never, never taxed. But most people do not pay tax on savings anyway. A basic 20% rate tax pair can earn a thousand pounds of interest per year without it being taxed. So if you're not paying tax now and you've got less than 20,000 pounds worth of savings, I wouldn't bother putting it in a cash iser. The top cash isers are the best payers. Top one year fixed cash iser, shorebrook at 4.06%, just followed by Barclays at 4%.

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