What You Should Know About the Personal Savings Allowance

HMRC have recently published detail on the new £1000 (£500 for higher rate taxpayers and £0 for additional raters) band of savings income taxable from 6th April 2016 at 0%.

For those fortunate enough to have a large portfolio of investments that they can manipulate, the optimum yield is now going to be £5k dividends + £1 interest.

For those considering whether to ISA or not to ISA, there is now less reason to have to cash-ISA.