2min chapter

The Martin Lewis Podcast cover image

Are your savings safe in the bank? (and paying to squeeze blackheads)

The Martin Lewis Podcast

CHAPTER

How to Crystallise Interest for Tax Purposes

Nihal's savings habits were quite a bismal. He'd spend all this cash in a frivolous dash and end up with a balance that's dismount. Martin came to his aid, taught him tricks of the trade, but Nihal's money skills were still a fail. Though he may never be money smart, at least Nihal’s doing his part to save and spend right and avoid financial plight - though the quiz still usually ends with a fart. The question is: When does interest count for tax purposes?

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