The Interest Rate Trap
After nearly 15 years of low interest rates, savers are now enjoying some decent income produced by the money they hold in bank and building society deposits, even while borrowers are feeling the pinch.
But those savers may not have realised that higher rates, plus some changes made a few years ago, mean there’s a potential sting in the tail…
Resources
Courses: Meaningful Academy: Retirement Planning
GovUK: Do you need to do a tax return?
Software: TaxCalc
